Solstad Sells 2003-Built AHTS DUO

Published

Credit: Solstad Offshore
Credit: Solstad Offshore

Solstad Offshore has sold two anchor handling towing and supply vessels earlier this week.

Solstad said that the vessels sold were the AHTS Lady Astrid and Lady Caroline.

Delivery of the vessels to the new owner took place Wednesday, March 17th, 2021. 

"The sale of the vessels will result in an immaterial accounting effect for 1Q 2021," Solstad said.

Both vessels are of the UT 722 design and built-in 2003, and according to Solstad's past three annual reports, the vessels have been laid up.

Solstad did not say did not reveal the identity of the buyer, nor the value of the transaction.

VesselsValue, a specialist website providing vessel valuations, in January valued at around $1,58 million, with demolition value at $1,27 million.

Solstad Offshore last year said that, as part of its restructuring deal, it was to "right-size" its fleet to make it more competitive, with a plan to divest 37 vessels "over a period of time."

By February 2021 they had completed sales of three out of the 37 vessels planned to be divested.

Current News

Ndungu Full-Field Starts Up Offshore Angola

Ndungu Full-Field Starts Up Of

Norway's 2025 Oil Output Climbs to Highest Level Since 2009

Norway's 2025 Oil Output Climb

AKOFS Offshore Inks New Vessel Deal with Petrobras

AKOFS Offshore Inks New Vessel

UK Trade Body Challenges Government View on North Sea Gas Decline

UK Trade Body Challenges Gover

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine