Solstad Offshore
Solstad Offshore is a Norwegian offshore vessel operator with a dual structure of 40 specialized vessels (CSV, AHTS, renewable energy), providing time charter, subsea construction, ROV, and survey services to oil and gas majors, subsea contractors, and renewable energy developers across Brazil, North Sea, South East Asia, Australia, and Africa.
- Company typePublic
- Founded1970
- HeadquartersSkudeneshavn, Norway
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Solstad Offshore does
Solstad Offshore is a Norwegian offshore vessel company founded in 1970 and headquartered in Skudeneshavn, Norway. It operates through a dual shipowning structure comprising Solstad Offshore ASA (8 vessels) and Solstad Maritime ASA (32 vessels), totaling 40 specialized offshore vessels. The fleet includes 25 subsea/CSV vessels, 13 anchor handling tug supply (AHTS) vessels, and 5 renewable energy vessels, with the 2016-built CSV Normand Maximus as the flagship. The company provides time charter services for offshore construction, installation, anchor handling, platform supply, and subsea ROV/survey operations, serving oil and gas majors, international subsea contractors, and renewable energy developers across Brazil, the North Sea, South East Asia, Australia, and Africa.
The company's revenue model is anchored in multi-year vessel charter contracts negotiated through tenders and direct commercial engagement with energy companies, complemented by joint venture contributions from Solstad Maritime, Omega Subsea, and NISA, which generated $22 million in Q1 2026 (up 57% year-over-year). Go-to-market is enterprise field sales with active tender bidding and contract win announcements via stock exchange releases and quarterly earnings webcasts. Pricing is individually negotiated per vessel, contract duration, and operational scope. The customer base includes Petrobras (with a $56 million two-year extension for the CSV Normand Fortress starting July 2026) and undisclosed international subsea contractors using vessels like the Normand Navigator, Normand Maximus, and Normand Tonjer.
Q1 2026 operating income reached $86 million (up 24.6% YoY), with order backlog expanding from $190 million to $306 million. The 2025 full-year EBITDA was better than the $126 million guidance, while 2026 EBITDA is guided at $50–70 million, reflecting fleet utilization normalizing from 93% to 79%. The company is pursuing strategic expansion via a June 2026 joint venture with SBM Offshore for a new deepwater installation vessel (delivery H1 2029), a CIMC Raffles newbuild contract, and the decade-long Solstad Green Operations sustainability program. Ownership is concentrated with Aker Capital AS holding approximately 42% of Solstad Maritime Holding AS following a December 2024 NOK 750 million share offering.
Solstad Offshore firmographics
Firmographics- Name
- Solstad Offshore
- Legal name
- Solstad Offshore ASA
- Website
- https://solstad.com
- Company type
- Public
- Founded year
- 1970
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Solstad Offshore is a Norwegian offshore vessel operator with a dual structure of 40 specialized vessels (CSV, AHTS, renewable energy), providing time charter, subsea construction, ROV, and survey services to oil and gas majors, subsea contractors, and renewable energy developers across Brazil, North Sea, South East Asia, Australia, and Africa.
- Ownership category
- akta.pro rank
Solstad Offshore industry classification
Industry- Product category
- Offshore Vessel Chartering Services
- NAICS
- Support Activities for Water Transportation (4883), Ship and Boat Building (3366), Ship Building and Repairing (336611)
- SIC
- Water Transportation (4400), Oil & Gas Field Services, Nec (1389), Ship & Boat Building & Repairing (3730)
- akta.pro primary industry
- Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ)
- akta.pro secondary industries
- Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS) (TLADABAL), Subsea Construction & IMR Vessel Newbuilds (CSV, DSV, ROV Support) (IMAJACAD), Offshore Wind & Renewable Support Vessel Construction (SOV, CTV, WTIV) (IMAJACAG), FPSO/FSO Hull Construction & Conversion (IMAJACAC)
Keywords
Where Solstad Offshore is headquartered
LocationHeadquarters
- HQ city
- Skudeneshavn
- HQ country
- Norway
- HQ region
- Europe
Offices4 records
Markets served
Solstad Offshore business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D
Revenue model
- Vessel Charter Services: Time charter contracts for offshore support vessels including construction support vessels (CSV), anchor handling tug supply (AHTS), and platform supply vessels (PSV). Revenue recognized through daily charter rates.
- Joint Venture Contributions: Contributions from joint ventures Solstad Maritime, Omega Subsea, and NISA. Joint ventures delivered strong contributions totaling $22 million in Q1 2026, up 57% from Q1 2025.
- ROV and Survey Services: Solstad Services provides ROVs, surveys, and other additional services through Solstad Maritime, including work class ROVs with full manning along with tooling and survey services in partnership with Omega Subsea AS.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Contract-based charter rates negotiated individually |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels5 records
Solstad Offshore product offering
Product offeringCore offering
Solstad Offshore operates a specialized fleet of approximately 40 offshore vessels through two shipowning structures—Solstad Offshore ASA (8 vessels) and Solstad Maritime ASA (32 vessels)—providing construction support vessels (CSV), anchor handling tug supply (AHTS) vessels, and platform supply vessels (PSV) to the global offshore energy market. Through Solstad Services, the company additionally delivers ROV operations, tooling, and survey services in partnership with Omega Subsea AS, primarily serving oil & gas operators, subsea contractors, and offshore renewable energy developers.
Product overview
Solstad Offshore operates as a specialized offshore vessel company consisting of two main shipowning structures: Solstad Offshore ASA (8 vessels) and Solstad Maritime ASA (32 vessels), totaling 40 vessels. The fleet comprises 25 Subsea vessels, 13 AHTS (Anchor Handling Tug Supply) vessels, and 5 Renewable energy vessels. The company provides offshore vessel chartering services globally with focus on Brazil, North Sea, South East Asia, Australia and Africa. Through Solstad Services, the company also offers ROVs, surveys, and additional services in partnership with Omega Subsea AS. Key vessels include the flagship CSV Normand Maximus. The company maintains sustainability focus through its decade-long Solstad Green Operations program.
Differentiator
Problem solved
Functional benefit
Products and services
- Solstad Offshore ASA Fleet Chartering Chartering services for 8 specialized offshore vessels operated by Solstad Offshore ASA, providing construction support, anchor handling, and platform supply services to global energy companies.
- Solstad Maritime ASA Fleet Chartering Chartering services for 32 specialized offshore vessels operated by Solstad Maritime ASA, supporting offshore energy projects across multiple regions including Brazil, North Sea, South East Asia, Australia and Africa.
- Solstad Services (ROV and Survey) ROV operations, tooling, and survey services delivered through Solstad Services in partnership with Omega Subsea AS, providing work class ROVs with full manning for subsea contractors and energy companies.
- Subsea Construction Vessels (CSV) Chartering Chartering of 25 subsea construction support vessels (CSVs) and ROV support vessels designed for offshore energy installation, subsea construction, and maintenance operations.
- AHTS Vessel Chartering Chartering of 13 anchor handling tug supply (AHTS) vessels designed for offshore platform mooring operations, towage, and supply services.
- Renewable Energy Vessel Chartering Chartering of 5 vessels designed for offshore renewable energy operations, supporting wind farm installation and maintenance activities.
Quantifiable outcome
- Q1 2026 operating income of $86 million, a 24.6% increase year-over-year
- +3 more outcomes
Companies that use Solstad Offshore
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Solstad Offshore technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Solstad Offshore partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core, major and minor.
- SBM OffshorecoreJoint venture partnership to build a new multi-purpose deepwater installation and construction vessel with delivery targeted for first half of 2029. SBM Offshore will charter the vessel for its projects while Solstad Offshore acts as ship manager. The vessel will support ocean infrastructure installation including FPSOs.
- CIMC RafflescoreShipbuilding contract signed for a newbuild vessel as recently announced. CIMC Raffles is the shipbuilder for the newbuild vessel.
- Omega Subsea ASmajorPartnership for ROVs, tooling and survey services. Solstad Maritime provides two work class ROVs with full manning along with tooling and survey services in partnership with Omega Subsea AS.
- Reach Subsea ASAminorLetter of Intent for CSV Normand Jarstein charter for operation in Mediterranean and Black Sea. Reach Subsea is the client contracting the vessel.
- REV OceanminorAgreement to take over ship management of REV Ocean, a research and expedition vessel equipped with advanced facilities for cutting-edge ocean science.
Scale indicators11 records
Recent moves9 records
Expansion highlights5 records
Solstad Offshore competitors and assessment
Company assessmentMarket position
Strengths5 records
Weaknesses1 record
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Solstad Offshore social profiles
Digital presenceSolstad Offshore financial estimates
Financial estimateRevenue estimate
Valuation estimate
Solstad Offshore leadership team
Management profileNumber of profiles
Profiles2 records
Solstad Offshore subsidiaries and ownership
Company hierarchySubsidiaries4 records
Solstad Offshore funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Solstad Offshore M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Solstad Offshore
What does Solstad Offshore do?
Solstad Offshore operates a specialized fleet of approximately 40 offshore vessels through two shipowning structures—Solstad Offshore ASA (8 vessels) and Solstad Maritime ASA (32 vessels)—providing construction support vessels (CSV), anchor handling tug supply (AHTS) vessels, and platform supply vessels (PSV) to the global offshore energy market. Through Solstad Services, the company additionally delivers ROV operations, tooling, and survey services in partnership with Omega Subsea AS, primarily serving oil & gas operators, subsea contractors, and offshore renewable energy developers.
Is Solstad Offshore a public or private company?
Solstad Offshore is a public company. It is classified as public and is currently operating.
When was Solstad Offshore founded?
Solstad Offshore was founded in 1970. It employs 1,001 to 5,000 people.
Where is Solstad Offshore based?
Solstad Offshore is headquartered in Skudeneshavn, Norway, in the Europe region.
How does Solstad Offshore make money?
Three revenue lines are on record. Vessel Charter Services are the primary driver. The others are joint Venture Contributions and ROV and Survey Services.
Does Solstad Offshore have an API?
No public API is recorded for Solstad Offshore.
What industry is Solstad Offshore in?
Solstad Offshore's product category is Offshore Vessel Chartering Services. Its primary akta.pro industry code is EUALABAJ, Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters), with a secondary code of TLADABAL, Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS). Its NAICS code is 4883 and its SIC code is 4400.