Oslo-listed Solstad Offshore has trimmed its fleet again, after disposing of 36 non-core ships since its $2bn 2020 refinancing deal.
The Norwegian shipowner said that its large 4,300-dwt platform supply vessel Normand Corona (built 2006) had been delivered to an unnamed buyer on Tuesday.
No price has been revealed, but VesselsValue rates the unit as worth $4.8m for further trading, or $1.7m for scrap.
The sale will result in a minor positive accounting effect to be booked in the second quarter.
UK shipbroker Clarksons lists the vessel as laid-up.
The Normand Corona is not the owner’s oldest PSV. Two ships still date from 2003, while two others and an anchor-handling tug supply vessel were built in 2006.
The newest ships in the fleet were constructed in 2016 and 2017, following a long downturn that has seen owners avoid newbuilding orders.
Earlier this year, Solstad completed its previous disposal programme.
Three other ships have recently been reactivated from lay-up.
Solstad said in May this left an active fleet of 80 units, plus another nine that would over time either be brought back into service or sold, as the market and ship values continued to improve.
Loss reduced
The shipping company logged a lower net loss of NOK 231.98m ($24m) in a seasonally quieter first quarter, from NOK 310.34m in the same period a year ago.
Rates for PSVs have been improving this year, while AHTS levels have hit 15-year highs of above $200,000 per day.
Activity has improved following the end of Covid restrictions, and tonnage is tightening due to a lack of new tonnage coming into play, plus a lack of suitable units that can be brought out of lay-up.
