General – Recycling
Solstad Offshore has sold seven vessels for recycling.
The vessels are Sea Tiger, Normand Atlantic, Normand Borg, Normand Neptun, Sea Pollock, Far Strider and Far Sovereign.
“We are pleased that we finally can start green recycling of a major number of our oldest vessels. These have all have been in lay-up over a considerable time. This will allow us to increase focus on upgrades and emission reductions from our core fleet of modern offshore vessels going forward,” said Tor Inge Dale, Chief Sustainability Officer.
The vessels will be recycled at the Green Yard Feda and Green Yard Kleven shipyards in Norway.
The sale of the vessels will result in an immaterial accounting effect for Q4-2021.
Recycling of these vessels is an important part of Solstad’s efforts to be in the forefront of sustainable and environmental operations.