Solstad Rederi AS, a wholly owned subsidiary of Solstad Offshore ASA, has sold 1999-built anchor handling tug supply (AHTS) vessel Sea Panther for recycling
Based on a KMAR 404 design, 74-m Sea Panther has a bollard pull of 174 tonnes, deck space of 560 m2 and accommodation for 26. It was built at the Kvaerner Kleven Lervik shipyard in Norway.
No sale price was reported by Solstad, but VesselsValue estimated the demolition value at around US$2M on 20 August.
Solstad Offshore said it is considering several vessels for green recycling as a part of its efforts to be in the forefront of sustainable and environmental optimal operations. The recycling will take place at European shipyards, with a focus on the highest standard on green recycling.
Demolition levels this year are running almost double 2020 levels, according to year-to-date (YTD) data as of July from VesselsValue. The UK-based ship valuation firm reported 42 OSVs have been scrapped this year, up from 22 in 2020. Scrapping activity is still behind the levels seen at this time in 2019, when 64 OSVs were sent to demolition yards.
However, the value of the demolition sales YTD in 2021 are in-line with those in 2019. Demolition sales of OSVs in 2021 have totalled US$33M, down 8% from the US$36M in 2019. Demolition sales in 2020 were US$13M.
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