Solstad Offshore Sells Vessels

Tuesday, May 27, 2008

Norwegian offshore shipping company Solstad Offshore ASA said on Monday (26 May) that its 71.1%-owned ship-owning subsidiary Normand Skarven KS has agreed to sell its anchor handling tug supply (AHTS) vessel Normand Skarven to foreign buyers. 
The sales price for the 1986-built vessel was said to be "around its average broker value as per 31.12.2007" and to result in a gain of approximately NOK130m for Solstad Offshore.Solstad Offshore on Monday also said that its 50%-owned subsidiary Nor Offshore Ltd has agreed to sell the AHTS Nor Sea to Neptun Marine Services Ltd. The sale of the Nor Sea, built in 2005, will result in a gain of approximately $17.5m for Nor Offshore. (Source: www.tradingmarkets.com)

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