Solstad News

Solstad Pays $4M for Normand Tonjer Vessel Buyback

Dec 20, 2023

Solstad Offshore has exercised its option to purchase the construction support vessel (CSV) Normand Tonjer.The vessel was bought from the Norwegian Mpsv for the net amount of $4 million.In 2021, Normand Tonjer was sold to Mpsv for a gross amount…

Omega Subsea Robotics Orders Six ROVs

Jan 25, 2024

Kystdesign announced an expansion of its cooperation with Omega Subsea Robotics, signing its largest contract ever for the delivery of six complete ROV systems.The contract award includes delivery of four standard Constructor ROV systems and two brand new compact Constructor ROV systems…

Aker Capital Takes Larger Stake in Solstad Offshore

Dec 14, 2023

Aker Capital AS has acquired 8,240,000 shares in Solstad Offshore ASA, at an average price of NOK 48.45 per share.Following the transaction, Aker Capital holds 27,089,493 shares in the company, corresponding to an ownership interest of approximately 32…

Aker Solutions to Pilot Subsea Power Distribution System for Floating Wind

Jan 03, 2024

Aker Solutions has signed a front-end engineering and design (FEED) contract with the Marine Energy Test Centre (METCentre) in Norway to pilot new subsea power system technology which has the potential to reduce costs and complexity of offshore wind farms…

Solstad Offshore Sells Laid Up AHTS Vessel

Nov 01, 2023

Solstad Offshore's subsidiary, Solstad Rederi, has sold the Anchor Handling Tug Supply (AHTS) vessel Nor Spring.The 2008-built, 70-meter-long AHTS vessel has been in layup in Asia since 2020. 'Delivery of the vessel to the new owner took place today…

Solstad Offshore Secures Contract Extensions for Three Vessels

Oct 04, 2023

The Norwegian offshore vessel owner Solstad Offshore has secured contract extensions for three of its offshore vessels.Equinor has declared the last contractual yearly option for the AHTS “Normand Ferking”. With the declaration of this option…

New Addition to Viking Supply Ships Fleet: Normand Statesman, Now Odin Viking

Nov 09, 2023

Swedish offshore support vessel owner Viking Supply Ships has taken delivery of the Normand Statesman AHTS vessel, under a bareboat charter deal signed with the vessel owner Ocean Yield in March 2023.As previously reported, Viking Supply Ships…

Solstad Offshore's CSVs Win Deals in Asia, South America

Sep 05, 2023

Norwegian offshore vessel owner Solstad Offshore has secured new contracts for two of its subsea vessels (CSV). CSV “Normand Baltic” has been awarded a 180-day contract for providing “Walk to Work” services on an unnamed offshore wind project in Asia…

Solstad Offshore Wins Contract Extension with Ocean Infinity for Construction Support Vessel

Sep 01, 2023

Norwegian offshore vessel owner Solstad Offshore has secured a contract extension for its 'Normand Superior' construction support vessel.The contract, now firm until the first quarter of 2026, is with Ocean Infinity AB.Upon the expiration of the firm contract…

Solstad Offshore Sells 2009-built AHTS

Jul 03, 2023

Solstad Rederi AS, a subsidiary of the Norwegian offshore vessel owner Solstad Offshore, has sold the AHTS Elang Laut 1.The 2009-built vessel has been in layup in Asia since 2019. Delivery of the vessel to the new owner took place today, July 3…

Solstad Offshore Wins $100M Vessel Contracts with PRIO and Equinor in Brazil

Aug 11, 2023

Solstad Offshore has been awarded two contracts worth $100 million in total from Brazilian clients.The Norwegian offshore vessel owner said that its construction support vessel, Normand Pioneer, won an extension of its charter contract with…

Solstad Offshore Wraps $580M Sale of PSV Fleet to Tidewater, Exiting the Business

Jul 05, 2023

Norwegian offshore vessel operator Solstad Offshore has officially exited the platform supply vessel business.Namely, the company on Wednesday completed the sale of its PSV fleet to the U.S. offshore vessel firm Tidewater for approximately $580 million…

The Resurgence of the OSV Industry: From Trough to Triumph

Aug 31, 2023

The offshore supply vessel industry has weathered a tumultuous decade characterized by a prolonged trough that tested the resilience of vessel owners. However, the tides have turned, and the industry is now experiencing a strong and much-awaited revival…

Sale of 37 PSVs to Tidewater: Solstad Offshore's Exit from PSV Sector Imminent

Jun 28, 2023

Norwegian offshore vessel owner Solstad Offshore has revealed the expected completion date for its previously agreed sale of 37 platform supply vessels to the U.S. offshore vessel firm Tidewater.Solstad Offshore in March said it would sell 37…

Astilleros Gondán to Build Low-emission Unmanned Surface Vessel for USV AS

Jul 18, 2023

USV AS has contracted Astilleros Gondán shipyard to build an unmanned surface vessel (USV), capable of significantly reducing emissions and operating expenses compared to conventional vessels utilised for subsea inspection, maintenance and repair (IMR) work…

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