Norwegian OSV Mega-Merger Completed
The world’s largest high-end offshore service vessel company was created Wednesday with the completion of the mergers involving former Norwegian offshore shipping companies Farstad Shipping, Deep Sea Supply and Solstad...
More Lay-Ups at Solstad Offshore
Norwegian offshore services provider Solstad Offshore says continuing weak market conditions will force the company to lay-up an additional 10 vessels, leading to the elimination of approximately 300 jobs...
Layups and Layoffs at 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...
VARD Wins Record Single Ship Order from Solstad
Vard Holdings Ltd confirmed today the contract for the design and construction of a large Offshore Subsea Construction Vessel (OSCV) has been made effective. The contract is the largest single vessel order in VARD’s history.