Norway’s Solstad Offshore has now sold 27 of its non-core vessels since clinching a $2bn restructuring in 2020.
The Lars Peder Solstad-led company said in an Oslo Stock Exchange filing that three more anchor-handling tug supply units have been delivered to an unnamed buyer on Friday.
They are the 10,880-bhp Nor Captain (built 2007) and the 16,005-bhp sisters Far Sword and Far Stream (both built 2006).
VesselsValue rates the Nor Captain as worth $2.25m, with the other two at nearly $10m combined.
Brokers says a deal was agreed for the vessels in December, bringing the total number of vessels offloaded last year to 19.
Solstad has been aiming to reduce its core fleet to 90 ships, and had sold 24 unwanted units since its refinancing, leaving a further 10 on the sales block.
It also said it has won multiple contracts involving four of its subsea construction support vessels.
The firm periods in the charters add up to 640 days, with options after that.
Work will take place on projects in the North Sea, and off Brazil and West Africa this year.
The contracts have a combined value of about NOK 400m ($46m).
The market for subsea construction vessels continues to improve, with strong demand from renewable energy and oil and gas activity, the shipowner said.
Solstad’s third quarter was the best since it merged with Rem Offshore, Farstad Shipping and John Fredriksen’s Deep Sea Supply following the last offshore vessel crash in 2016 and 2017.
Ebitda rose to NOK 500m in the three months to 30 September, from NOK 395m in the same period of 2020, in recovering offshore support vessel markets.
