The vessel, the 2010-built Far Shogun, an anchor handling tug (AHTS), was sold by Farstad Supply AS, a wholly owned subsidiary of Solstad Farstad ASA, to a DOF Group. Delivery of the vessel to its new owner took place on Thursday, at which point it was renamed Skandi Bergen.
“This agreement reflects the challenging market conditions, but we see it again as a vote of confidence in our global organization to be asked to manage and operate this vessel,” said DOF CEO Mons S. Aase.
Solstad Farstad said the sale of the vessel will result in an immaterial accounting effect for 3Q 2017.
Solstad Farstad was formed on June 21, 2017 through the merger of Norwegian companies Farstad Shipping, Deep Sea Supply and Solstad Offshore. With a fleet of 152 OSVs, the new company is the world’s largest high-end offshore service vessel company.
On Friday, Solstad Farstad also announced that Hemen Holding Limited, the holding company indirectly controlled by trusts established by billionaire shipping magnate John Fredriksen for the benefit of his immediate family, up its stake in Solstad Farstad to 17.2 % of the shares and votes. Upon completion of the merger in June, Hemen Holding held 16.1% of shares.
The Biden Administration has given the green light to its eighth offshore wind project with the approval of the 2,600-megawatt New England Wind project located off Massachusetts. With the approval,...
Tokyo-based offshore floating platform expert, MODEC Inc. has announced being awarded the Front-End Engineering and Design (FEED) contract for a new Floating Production, Storage and Offloading (FPSO) system for Shell’s...
MANILA, April 1 (Reuters) – Countermeasures by the Philippines to China’s conduct in the South China Sea will entail strengthening its defence capabilities with allies and exhausting all diplomatic measures to resolve...
April 1, 2024
Total Views: 396
Why Join the gCaptain Club?
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.