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Company Disclosure
14.12.2018, 10:46:44 am
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DESS Aquaculture Shipping AS (DESS Aqua), a part-owned company of Solstad Offshore ASA (Solstad) within the aquaculture segment, is raising new equity to finance fleet growth.
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Reference is made to the stock exchange communication of Solstad Offshore ASA of October 22nd, 2018.
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Solstad Offshore has entered into a contract with Ocean Infinity for one of it’s modern highly fuel efficient 250 ton crane CSV’s. The contract will commence in 3Q 2019 and have a firm duration of 33 months. Ocean infinity will utilize the vessel on their world-wide seabed mapping and survey services.
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Allseas has awarded Solstad Offshore ASA contracts for two PSVs, “Normand Naley” (2011, VS 485) and “Sea Supra” (2014, PX105), for pipe-haul duties.
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Farstad Marine AS, a wholly owned subsidiary of Solstad Offshore ASA, has sold the PSV Far Supplier (built 1999, 6.700 BHP). Delivery of the vessel to the new owner took place on Wednesday November 21st, 2018.
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Solstad Offshore has entered into a contract for the CSV ”Normand Pioneer” (1999, CSV, 286t BP) with “Queiroz Galvão Exploração e Produção S.A in Brazil. The contract has a duration of two years firm and in addition charterer holds two yearly options.
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Equinor UK Limited (“Equinor”) has awarded Solstad Offshore ASA a two-year contract for the Platform Supply Vessel “Normand Skipper” (2005, VS4420 Design).
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Solstad Offshore ASA (SOFF) welcomes to presentation of its 3rd quarter 2018 results, Wednesday November 7th 2018 at 09:00 am. The presentation will be held by Lars Peder Solstad and Anders Hall Jomaas.
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Despite signs of an improved market for offshore service vessels and being in compliance with main financial covenants as per 3rd quarter 2018, it is expected that the coming North Sea winter season will be challenging for the Company’s liquidity position.
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