Layups and Layoffs at Solstad Offshore

Normand Skipper solstad
Normand Skipper, image courtesy Solstad Offshore

Norwegian ship owner Solstad Offshore announced on Friday about 50 of their offshore employees will be laid off as a result of the sales of two ships and two vessel layups.

“The redundancies are very regrettable, and SOFF aims to carry out the process in an orderly manner
and in close co-operations with the employee representatives” commented┬áLars Peder Solstad, CEO of Solstad Offshore.

The two sales, worth in the range of NOK 45 million, include the 1985-built AHTS Normand Jarl and the 1986-built AHTS Normand Skarven which is expected to be delivered to its new owner in June.

The weak offshore market has also forced the company to put the platform supply vessels Normand Skipper and Normand Vester into lay-up. Solstad notes the 6,400 ton dwt Normand Skipper is currently trading the North Sea spot market while the 4,600 ton dwt Normand Vester is due to end a long-term contract in Brazil during June and will go into lay-up thereafter.