Solstad Maritime set to list in Q2 2025

Aker, Solstad Offshore and AMSC, which are all listed on the Euronext Oslo stock exchange, have announced plans to list Solstad Maritime Holding (SMH) during Q2 2025. This listing is comes after a Nkr750M (US$66.7M) equity raise and company refinancing in 2024, and as demand for offshore support vessels, their utilisation levels and charter rates are increasing.

SMH’s largest shareholders are Aker Capital (42.0%), Solstad Offshore (27.3%), and AMSC (19.6%).

AMSC, in which Aker owns a 19.0% stake, has informed SMH it intends to distribute its 19.6% ownership (91,422,601 shares) to its shareholders in connection with a listing of the company, which will substantially increase the free float in SMH’s shares.

A listing of SMH is expected to facilitate the further growth and development of the shipowner’s offshore business, improve its ability to pursue strategic opportunities and provide a liquid market for the company’s shares.

“We look forward to delivering on the intention to list the company on a regulated market, as communicated when the company was refinanced in 2024, and thereby making the share liquid for its shareholders,” said Solstad Offshore chief executive Lars Peder Solstad.

“We continue to experience a healthy market for offshore vessels, which is positive for the shareholders of both SMH and Solstad Offshore.”