Search results for: solstad

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  • 7 June 2016
    Business & Finance, Operations & Maintenance

    Oslo-listed vessel owner Solstad has together with Norwegian industrial investment company Aker, and with support from its lending banks and bondholders, developed a financing plan which should strengthen its balance sheet. Namely, Aker will inject NOK 250 million in new equity and provide NOK 250 million in the form of a subordinated convertible bond, with maturity in 2021, […]

  • 15 July 2016

    Solstad Offshore’s NB 830 offshore subsea construction vessel, Normand Maximus, was christened on Friday at Vard Brattvåg, Norway. According to Solstad’s social media update, the Godmother of the vessel is Maria Solstad, daughter of Lars Peder Solstad, the company’s chief executive officer. The vessel was launched in November last year from Vard’s Romanian yard. It is the largest […]

  • 7 June 2016

    Norwegian offshore shipping company Solstad Offshore has developed a financing plan to strengthen its balance sheet. The company on Tuesday said that the plan was developed together with the industrial investment company Aker and with indicative support from its lending banks and bondholders. Aker will inject NOK 250 million in new equity and provide NOK 250 […]

  • 3 October 2016

    Norwegian shipping company Solstad Offshore informed on Friday that its financing plan has been approved by the company’s banks and bondholders.  The company also said that sale-and-leaseback agreement for the vessel Normand Maximus has been entered into, all on terms satisfactory to Aker Capital. Back in June this year, Solstad, together with Aker and its […]

  • 22 October 2018
    Business & Finance

    Solstad Offshore has decided to start negotiations with lenders and other stakeholders to improve the overall liquidity situation.

  • 19 December 2018
    Business & Finance

    Bondholders of Solstad Offshore have accepted the company’s proposal for temporary suspension and deferral of interest and amortizations on financial debt. 

  • 1 April 2020
    Business & Finance, Infrastructure, Vessels

    Ocean Yield, a ship owning company with investments in vessels on long -term charters, has agreed to extend the standstill period with Solstad Offshore and its subsidiaries for two anchor handlers.

  • 5 October 2018
    Business & Finance

    Offshore vessel owner Solstad Offshore has won a charter for its Normand Reach offshore vessel. The vessel, usually working in the oil and gas sector, will move to the U.S. later this year to support a subsea mining project.

  • 4 May 2020
    Business & Finance, Infrastructure, Vessels

    Shipowning company Ocean Yield and Solstad Offshore have agreed to further extend the standstill period for two anchor handlers.

  • 5 July 2017

    Norwegian new offshore support vessel player Solstad Farstad has completed the sale of its REM Etive vessel to Fugro. Solstad Farstad said that both the sale and delivery of the vessel were completed on Wednesday, July 5, 2017. Initially, the sale was agreed between Solstad Offshore and Fugro in February, before the new OSV player was […]

  • 1 September 2015
    Business & Finance, Operations & Maintenance

    The BN 830 Normand Maximus was spotted during construction at Vard Tulcea and Contsanca in Romania. The vessel is a VARD 3 19 design, developed by Vard Design in Ålesund. After the vessel’s hull is completed in Romania, the final outfitting of the vessel is scheduled for late 2015, at Vard Brattvaag in Norway. Vard […]

  • 17 February 2017
    Business & Finance

    Swiss-based offshore contractor Allseas has hired one of Solstad Offshore’s subsea construction and support vessels (CSV). Solstad said on Friday that Allseas chartered its 2009-built CSV Normand Poseidon, formerly known as the REM Poseidon. The former REM Offshore vessel became part of Solstad Offshore’s fleet after REM merged with Solstad’s Solship Invest. The Normand Poseidon […]

  • 25 June 2012
    Business & Finance

    Star Information Systems (SIS), an industry leader in the supply of software and services for technical ship and rig management, has successfully completed the installation of its Star Information & Planning System (Star IPS) across Solstad Offshore’s fleet of 50 high-specification vessels. Solstad, which operates platform supply vessels (PSV), anchor handling vessels (AHTS) and construction […]

  • 9 December 2016

    The previously announced merger between offshore vessel owners REM Offshore and Solstad’s Solship Invest has been completed. The merger between the two Norwegian companies was registered in the Norwegian Register of Business Enterprises on Friday, December 9, 2016. The merged company will have a fleet of 61 offshore vessels, consisting of construction support vessels, anchor […]

  • 14 February 2017
    Business & Finance

    Norwegian offshore shipping company Solstad Offshore has agreed to sell its subsea construction support vessel REM Etive to Fugro. Solstad said on Tuesday that the sale would be effective upon the completion of the existing contract and that the delivery to new owners would take place during the second quarter of 2017. Solstad did not reveal […]

  • 25 June 2012

    Star Information Systems (SIS), an industry leader in the supply of software and services for technical ship and rig management, has successfully completed the installation of its Star Information & Planning System (Star IPS) across Solstad Offshore’s fleet of 50 high-specification vessels. Solstad, which operates platform supply vessels (PSV), anchor handling vessels (AHTS) and construction […]

  • 2 June 2020
    Business & Finance, Business developments & projects, Vessels

    Norwegian offshore vessel provider Solstad Offshore has picked a new chief financial officer (CFO).

  • 25 June 2012
    Business & Finance, Equipment

    Star Information Systems (SIS), an industry leader in the supply of software and services for technical ship and rig management, has successfully completed the installation of its Star Information & Planning System (Star IPS) across Solstad Offshore’s fleet of 50 high-specification vessels. Solstad, which operates platform supply vessels (PSV), anchor handling vessels (AHTS) and construction […]

  • 2 October 2018

    Norwegian offshore vessel owner changes name

  • 26 May 2011
    Business & Finance

      As part of its environmental program, Solstad Offshore has long focused on innovative environmental solutions for its clients through”Solstad Green Operations”. Since the autumn of 2010, the company has offered its clients the opportunity to operate the company’s vessels on a climate neutral basis. During the spring of 2011, Solstad Offshore signed a charter […]

  • 24 March 2017

    Merger plans for the Norwegian offshore supply vessel trio, Solstad Offshore, Farstad Shipping and Deep Sea Supply, have been approved by the companies’ respective boards.  The merger that will create Solstad Farstad, a new OSV player in Norway with a fleet of 154 vessels, was first announced on February 6, 2017. Earlier in March, the companies […]

  • 7 April 2017
    Business & Finance

    Solstad Offshore has, on behalf of the partly owned company Normand Oceanic AS, entered into an agreement with the Mexican company Typhoon Offshore, an affiliate of Grupo Salinas. Normand Oceanic AS is a joint venture company owned by Solstad Offshore and Subsea 7. The company owns the construction support vessel (CSV) Normand Oceanic through a deal […]