Solstad sells fleet of PSV vessels to Tidewater

Solstad withdraws from the offshore platform supply vessel segment with large-scale sale of fleet to US-based Tidewater. The sale represents a change in strategy.

by IDHA TOFT VALEUR, DANIEL LOGAN BERG-MUNCH

Solstad Offshore is selling 37 platform supply vessels (PSVs) to US-based Tidewater for the price of USD 577m.

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