Shareholders led by Herr Investment Group (HIG) of the US have become the third-largest owner in Solstad Offshore as the offshore support vessel (OSV) recovery continues.

In a filing to the Oslo Stock Exchange, Daniel Herr-owned HIG said the group of investors had added 300,000 shares on 2 December to reach 5.18% ownership, with 4m shares in the Norwegian company.

This slice is worth NOK 125m ($12.8m).