Solstad CEO embarks on large-scale fleet clean-up

Large Norwegian offshore company Solstad Offshore has begun a major process to clean up its fleet, which will see 37 vessels being divested. Three have already been sold and more sales are expected soon, CEO Lars Peder Solstad tells ShippingWatch.

Lars Peder Solstad, CEO of Norwegian offshore company Solstad Offshore. | Photo: Solstad Offshore ASA

The chief executive of large Norwegian family-owned shipping company Solstad Offshore, Lars Peder Solstad, has embarked on a massive task to implement the company's rescue plan, which involves a major clean-up of the fleet.

37 vessels need to be sold off. So far, three have been sold.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk estimated to have war chest in the range of USD 30 billion

The funds will not be used for more vessels, but what then is Maersk planning to spend the estimated USD 30 billion in its war chest on following the announcement that the full-year result in 2021 will be significantly higher than what was expected just a couple of months ago?

BP's sales grow, earnings drop

The oil giant wasn't able to keep pace with 2021's first quarter, though the company remains far ahead of its USD 17.5 billion deficit from the second quarter of 2020.

Further reading

Related articles

Trial banner

Latest news

See all jobs