Offshore solution vessel titan Solstad Farstad has actually liquidated its initial vessel given that its development last month complying with the mega-merger of 3 leading OSV business inNorway

The vessel, the 2010-built Far Shogun, a support dealing with yank (AHTS), was marketed by Farstad Supply AS, an entirely had subsidiary of Solstad Farstad ASA, to a DOFGroup Delivery of the vessel to its brand-new proprietor occurred on Thursday, whereupon it was relabelledSkandi 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,” claimed DOF CHIEF EXECUTIVE OFFICER Mons S.Aase

Solstad Farstad claimed the sale of the vessel will certainly cause an immaterial accountancy impact for 3Q 2017.

Solstad Farstad was based on June 21, 2017 via the merging of Norwegian business Farstad Shipping, Deep Sea Supply and alsoSolstad Offshore With a fleet of 152 OSVs, the brand-new firm is the globe’s biggest premium overseas solution vessel firm.

On Friday, Solstad Farstad additionally revealed that Hemen Holding Limited, the holding firm indirectly managed by counts on developed by billionaire delivery tycoon John Fredriksen for the advantage of his instant family members, up its risk in Solstad Farstad to 17.2 % of the shares and also ballots. Upon conclusion of the merging in June, Hemen Holding held 16.1% of shares.