Solstad sells AHTS

Solstad Rederi AS, a wholly owned subsidiary of Solstad Offshore ASA, has sold the AHTS Elang Laut 1. The values and the name of the buyer weren’t revealed. The vessel has been in layup in Asia since.

The delivery of the vessel to the new owner took place last Sunday (3). In a statement, Solstd mentioned the sale of the vessel “will result in an immaterial accounting effect”. Still last week, Solstad finally delivered 37 PSVs to Tidewater. The agreement was made in March. This will reduce Solstad´s interest bearing debt by approximately NOK 6 billion (around US$ 574,8 millions).