Farstad News

Norwind Offshore, an offshore vessel company formed in late 2021 by Norway's Farstad, Volstad, and Kleven to be focused purely on offshore wind, has taken delivery of the first of four Commissioning Service Operation Vessels (CSOVs) built by Vard. The delivery ceremony took place Monday, in Ålesund, on the west coast of Norway. The naming ceremony was attended by representatives of Norwind Offshore, as well as from Vard, various suppliers and business partners.“This is a red-letter day for us,” said Norwind Offshore’s CEO, Svein Leon Aure.

Two load-bearing pillars of Norway’s leading maritime industry cluster in Sunmøre on the country’s west coast – offshore energy and the expedition cruise sector – took severe knocks from plunging energy prices in the 2010s followed by COVID-19. However, a recent tour of the region found the cluster in recovery mode.At the time, the cluster’s diversification strategy was to dive into the emerging expedition cruise sector: small, highly sophisticated ships designed to operate in some of the world’s most sensitive environments incorporated features including the highest ice-class…

Norwind Offshore, a Norwegian offshore wind-focused vessel owner has taken delivery of its first vessel - the Norwind Breeze - from Vard.The delivery took place Monday at 1 p.m. local time from Vard, Brattvåg, in Norway. Before the conversion, the service operation vessel used to be a platform supply vessel, previously known as MMA Responder.The vessel arrived in Norway in November 2021 where the rebuilding and outfitting process started.The vessel has been equipped with, among other, a larger and modernized accommodation (60 pax), and a large battery power system to reduce emissions.

Danish investment fund Navigare Capital Partners will become a shareholder in Norwind Offshore, an offshore wind-focused vessel company established in Norway in 2021.Navigare Capital Partners specializes in investments in maritime assets. "The purpose of the investment is to contribute to building a leading company within offshore wind, based in Ålesund," a press release issued Wednesday reads.Managing Partner of Navigare Capital – Henrik Ramskov: “The investment into offshore wind support vessels is an important next step in our strategy and commitment towards net zero emissions.

Norwind Offshore, a recently established offshore wind services firm in Norway, has awarded VARD contracts for the design and construction of two additional Commissioning Service Operations Vessels (CSOVs).Norway's Farstad, Volstad, and Kleven in October 2021 teamed up and formed Norwind Offshore, a company focused purely on offshore wind. Announcing the company launch, they also announced orders with Vard for the delivery of three vessels by 2024, two newbuild CSOV, and one conversion of a platform supplier into a Service Operation Vessel (SOV).

Norwegian offshore vessel owner Solstad Offshore has this week sold two anchor handling tug and supply vessels, in line with its objective to reduce fleet size to a level of 80-90 vesselsThrough its subsidiary Solstad Rederi AS, the company sold the AHTS Normand Master and Normand Mariner.The delivery of the vessels to the new owner took place on Thursday, and Solstad said the sale of the vessels would result in an immaterial accounting effect.Earlier this month, Solstad Offshore sold three anchor handling vessels…

Offshore vessel owner Solstad Offshore said Thursday it had sold three anchor handling vessels to undisclosed buyers, and also secured work for two platform supply vessels in the UK North Sea.Haugesund, Norway-based company said Thursday it had sold the Nor Captain  - owned by its subsidiary Solstad Offshore Singapore - and Far Sword and Far Stream, owned by its subsidiary Farstad Supply."Delivery of the vessels to the new owner took place today, February 3rd, 2022. The sale of the vessels will result in an immaterial accounting effect…

Norwind Offshore, a new offshore wind-focused ship-owning company recently established in Norway by Farstad, Volstad, and Kleven, will install Kongsberg equipment to its two new Commissioning Service Operations Vessels (CSOVs), to be built by VARD."Kongsberg Maritime’s scope of delivery encompasses a combination of systems which will enable the operator to maximize operational windows whilst minimizing overall energy consumption," Kongsberg said."Key to this is the propulsion technology…

Solstad Offshore, a Norwegian offshore vessel owner, said Tuesday it had sold the platform supply vessel Far Swan.The company, which last year said it would trim its fleet to make it more competitive, with a plan to divest 37 vessels "over a period of time," said  it had delivered the Far Swan to the new owner on November 16th, 2021."The sale of the vessel will result in an immaterial accounting effect for Q4 2021," Solstad Offshore said. The vessel was sold by Solstad Offshore's subsidiary Farstad Shipping.

Norwegian offshore vessel owner Solstad Offshore is continuing with divestments of non-core vessels and has now sold the Rem Provider platform supply vessel.The vessel, built in 2007, was sold by Solstad Offshore's subsidiary Solstad Rederi AS and the vessel was delivered to the new owner took on Friday. "The sale of the vessel will result in an immaterial accounting effect for Q4 2021," Solstad Offshore said, without sharing further details on the buyer or on the sale value. VesselsValue values the vessel at $3,25 million, with demolition value at around $1,13 million.

Norwegian offshore vessel owners DOF and Solstad Offshore on Tuesday each announced construction support vessel sale deals.DOF Subsea said it had agreed to sell the vessel “Geosund” to an international buyer. The estimated delivery of the vessel to the new owner is in Q1, 2022, the company said, without sharing details on the identity of the buyer. Geosund (Ex-Far Swan) was built in 2001 as a platform supply vessel and rebuilt to a construction support vessel in 2006.Separately…

Norway's Farstad, Volstad, and Kleven have teamed up and formed a new ship-owning company in Norway, called Norwind Offshore, focused purely on offshore wind.For this, Norwind Offshore has already entered into a contract with Vard for the delivery of three vessels by 2024.As part of the order, Vard will design and build two Commissioning Service Operations Vessels (CSOVs) with options for two additional vessels. Also, an order has been placed with Vard for the sales and conversion of one Platform Supply Vessel to be converted to a Service Operation Vessel (SOV).

Norwegian offshore vessel operator Solstad Offshore said Friday it had sold its AHTS Sea Panther vessel for recycling.The vessel was sold through Solstad Offshore's subsidiary Solstad Rederi, and the delivery to the buyer took place today August 20th, 2021."The sale of the vessel will result in an immaterial accounting effect for Q3 -2021," Solstad Offshore said, without sharing the sale price."Solstad Offshore ASA is considering several vessels for green recycling as a part of our efforts to be in the forefront of sustainable and [environmentally] optimal operations.

Norwegian offshore vessel owner Solstad Offshore has sold another vessel. This time the platform supply vessel Far Spirit.The company said Tuesday the vessel had been sold by its subsidiary Farstad Marine to an undisclosed buyer."Delivery of the vessel to the new owner took place today June 22nd, 2021. The sale of the vessel will result in an immaterial accounting effect for Q2-2021," Solstad Offshore said, without revealing the sale price. The Far Spirit vessel, of the VS 470 Mk II design, was built in 2007 by Westcon Olen yard in Norway.Solstad Offshore last year said that, as part of its restructuring agreement, it was to "right-size" its fleet to make it more competitive…

Solstad Offshore's subsidiary Farstad Supply has sold its platform supply vessel Far Splendour.According to Solstad, the 74 meters-long vessel was delivered to the new owner on Monday, May 10, 2021."The sale of the vessel will result in an immaterial accounting effect for Q2-2021," Solstad Offshore said.The company did not say who the buyer was, nor for what price the vessel was sold. VesselsValue, as per May 9, valued the platform supplier at $1.78 million.The medium-sized platform supply vessel of the Ulstein P106 design was built by Ulstein Verft in 2003.

Havyard Group's subsidiary Norwegian Electric Systems (NES) has won a contract to deliver energy design and smart control solution to Rem Offshore’s new vessel for the offshore wind service market. The contract was awarded by Green Yard Kleven who is building the vessel.According to NES, the vessel will be the first in this segment with a fully-integrated NES bridge system. Geir Larsen, CEO of Norwegian Electric Systems (NES), says offshore wind power represents an important sector for his company…

Havyard delivered the wellboat ‘Reisa’ to Norsk Fisketransport this week, significant in that Reisa is the first vessel in the world to use the bridge system Raven INS developed by Norwegian Electric Systems.What is the Raven INS?When the Raven Integrated Navigation System (INS) was type-approved by DNV GL, it was granted a world-first type approval for a bridge solution where an integrated computer system was developed for the bridge instead of combining different pieces of software.

Norwegian offshore service and supply ship shipping company Solstad Offshore said that its wholly owned subsidiary Farstad Supply AS has sold the platform supply vessel (PSV) Far Swift.Delivery of the 2003-built vessel to the new owner took place October 31st, 2019, said a press note.The sale of the vessels will have a minor positive accounting effect for 4Q 2019, it said.Farstad Supply AS manufactures and supplies offshore vessels. The company offers anchor handling tug, platform supply, and sub-sea vessels for material transportation, as well as provides logistic services.

Norwegian Electric Systems (NES) has signed a contract for the delivery of a further three equipment packages with IAS/PMS and NavCom to Esvagt, a pioneer in offshore wind.This will be vessels number eight, nine and ten delivered to Esvagt, where NES will deliver the same integrated automation system (IAS) and navigation and communication package with Concept Bridge as those delivered for the other windfarm service vessels.The contract is worth $2.35 million.Good conceptThe first equipment package with engineering is scheduled for delivery in March 2020.

Norwegian offshore service and supply ship shipping company Solstad Offshore said that its subsidiary Farstad Supply has sold the platform supply vessel (PSV) Far Star.1999-built Brazilian-flagged was sold to an undisclosed buyer.The delivery of the vessel to the new owner took place on Tuesday, August 6, said Solstad Offshore.Solstad added that the sale would have an immaterial accounting effect for the third quarter of 2019.Solstad Offshore now has 60 platform supply vessels in its fleet.

French oil giant Total has awarded contracts to Norwegian shipping company Solstad Farstad for two large anchor handling tug supply (AHTS) vessels.The offshore service and supply ship shipping company announced that the contracts were awarded by Total’s South African entity for the provision of the Normand Drott and Normand Prosper large AHTS vessels.The contracts are to support Total E&P South Africa's operations in Block 11B/12B and the drilling programme is expected to take up to 280 days, not including mobilization time and demobilization time, with expected commencement during the first half of 2020.Both vessels are currently trading the North Sea Spot Market…

Norwegian offshore vessel owner Solstad Offshore said that its wholly owned subsidiary Farstad Marine has sold one of its anchor handling tug supply (AHTS) vessels."Farstad Marine has sold the 16304-hp, 2002-built anchor handling tug supply vessel Far Saltire," said the services provider to petroleum related offshore activities.Delivery of the vessel to the new owner took place yesterday (September 18th, 2019).The sale of the vessels will have an immaterial accounting effect for 3Q 2019, the note added.According to company’s financial reports for 2018 and the two quarters of 2019, the anchor handler was in lay-up.The Far Saltire was built at the Ørskov yard. The vessel is 73.6 meters long, 16.8 meters wide, with 2,195 metric tonnes of deadweight.

The new ship owning company Sverre Farstad & Co has taken ownership of a 2016-built platform supply vessel (PSV), marking a return for the Farstad name in the Norwegian offshore sector.Farstad was one of the parties behind the June 2017 three-way merger of Norwegian ship owners Solstad Offshore, Farstad Shipping and Deep Sea Supply. The new company had been called SolstadFarstad, but the Farstad name was dropped in October 2018 when the company changed its name to Solstad Offshore.Now the Farstad family is returning to the offshore support vessel (OSV) business with Blue King…