Solstad Offshore ASA 2023 AR2
The report highlights Solstad Group's financial and operational performance for 2023, marked by the strategic sale of its PSV fleet and a major refinancing completed in early 2024. The company achieved a 46% increase in operating income from continued operations to NOK 6,979 million, driven by improved vessel utilization and higher day rates. On the sustainability front, Solstad reduced its total direct vessel CO2 emissions by 19% to 582,280 tonnes, primarily due to the PSV fleet divestment and enhanced fuel efficiency. Additionally, the company advanced its green initiatives by participating in international R&D projects like NEMOSHIP and OceanCharger to support its net-zero target by 2050.
Company: Solstad Offshore ASA
Sector: Energy
Country: Norway
Year: 2023
Type: AR2
Pages: 71
Solstad Offshore ASA
Annual Report
The report highlights Solstad Group's financial and operational performance for 2023, marked by the strategic sale of its PSV fleet and a major refinancing completed in early 2024. The company achieved a 46% increase in operating income from continued operations to NOK 6,979 million, driven by improved vessel utilization and higher day rates. On the sustainability front, Solstad reduced its total direct vessel CO2 emissions by 19% to 582,280 tonnes, primarily due to the PSV fleet divestment and enhanced fuel efficiency. Additionally, the company advanced its green initiatives by participating in international R&D projects like NEMOSHIP and OceanCharger to support its net-zero target by 2050.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Apr 30, 2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Net Zero Target
Employees