Norway’s restructured Solstad Offshore is continuing to offload non-core ships as it clinches more work for construction support vessels (CSVs).
The Oslo-listed company said the 4,900-dwt platform supply vessel (PSV) Normand Aurora (built 2005) was delivered to its new owner this week.
No price was given, but VesselsValue lists the PSV as worth $5.3m.
“The sale of the vessel will result in a minor positive accounting effect to be reflected in Q3,” Solstad said.
This is the second disposal since the shipowner completed the sale of 36 non-core vessels tied to its $2bn 2020 refinancing deal.
In June, the large 4,300-dwt PSV Normand Corona (built 2006) went to Atlantic Shipping of Norway, brokers said.
Four PSVs and two anchor-handling tug supply (AHTS) ships sold in February are now listed in the fleet of Alphard Maritime of India, which paid a total of towards $10m for the sextet.
Alphard also bought five other Solstad ships last year.
The Indian group now has 15 offshore ships.
The rest of the unwanted Solstad fleet was split between other Indian, Norwegian, Indonesian, Romanian and Chinese owners.
Solstad now has an active fleet of about 80 units.
Construction ships in demand
It said in May there were another nine ships that would over time either be brought back into service or sold, as the market and ship values continued to improve.
Two of these have now gone.
Meanwhile, Solstad has been fixing its CSVs.
The 127-loa Normand Cutter (built 2001) has been awarded a contract with an undisclosed client in South America for a firm charter period of 460 days, with 480 days of options.
The job will start in the fourth quarter, with the ship providing support including remote-operated vehicle services for decommissioning activities.
Solstad also said the 142-loa Normand Sentinel (built 2015) has seen a deal extended by Subtec for another year, giving the ship employment until the end of 2023.
The CSV will continue its work in Gulf of Mexico, where Subtec has chartered it since 2015.
These two deals have a combined value of NOK 540m ($33.7m).
A third CSV, the 122-loa Normand Pacific (built 2010), has been kept on by cable company Prysmian Powerlink for another year, also to the end of 2023.
There is also an option for 12 months.
The Normand Pacific has been on charter with Prysmian since 2016.