Solstad Farstad delivers ‘REM Etive’ to Fugro

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 formed through a merger of Solstad Offshore, Farstad Shipping, and Deep Sea Supply.

REM Etive is a former REM Offshore vessel that became part of Solstad Offshore’s fleet after REM merged with Solstad’s Solship Invest. The merger between the two Norwegian companies was registered in the Norwegian Register of Business Enterprises on December 9, 2016.

The vessel has been on a long-term charter with Fugro since its delivery in 2007. The most recent charter extension was in October of 2013 when the two signed a firm charter until late May 2017.

The 10-year old CSV is 93.5 meters long and 19.7 meters wide with an 800-square meter deck and has a deadweight of 4,148 tonnes.

Offshore Energy Today Staff

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