Solstad Offshore ramps efforts for marine decarbonisation

Norway’s Solstad Offshore has joined forces with a compatriot dealer of Cat power solutions, Pon Power, and Houston-based Caterpillar Marine to scale up fuel efficiency across its offshore support vessels (OSVs) and slash its greenhouse gas (GHG) emissions footprint while working on advancing the use of methanol-powered solutions for these ships.

To this end, the trio has entered into a memorandum of understanding (MoU) to identify and evaluate solutions that will increase the fuel efficiency of Solstad’s vessels and reduce their GHG emissions.

These efforts are bound to entail methanol-powered solutions, as Caterpillar Marine offers pathways to support operational and sustainability targets by providing a range of solutions for alternative fuels and powertrain integration.

Currently, about 50% of Solstad’s global fleet is powered by Cat engines and the Norwegian vessel owner has worked with Pon Power for more than 35 years. To support maritime decarbonization, Pon Power packages Cat engine solutions to fit current and future needs, utilizing emissions-reduction technologies.

Thanks to a collaboration with Caterpillar, the company also identifies its customers’ alternative fuels and electrification options to advance more sustainable marine power solutions.

After embarking on a decarbonization mission, Solstad has been systematically cutting down its emissions through operational measures and technical upgrades since 2009. As a result, the company has achieved a considerable reduction in average fuel consumption per vessel.

In a bid to reach its net zero by 2050 GHG target, the Norwegian shipping player intends to bring down its CO2 emissions through optimized energy efficiencies and retrofitted vessels that operate with alternative fuels such as methanol.

In addition, new ship designs are expected to be capable of offering lower emissions from the outset. With this at the forefront, the solutions developed by Caterpillar Marine in response to this MOU will be evaluated for Solstad’s existing fleet.

Solstad embarked on a restructuring mission in 2023 and sold its 37-strong platform supply vessel (PSV) fleet to Tidewater for a total cash consideration of approximately $577 million. This marked an exit from the PSV segment for the Norwegian vessel owner.

The company has been working on optimizing its fleet. Recently, the firm placed an order with Omega Subsea Robotics for the delivery of six additional remotely operated vehicle (ROV) systems to be integrated onboard its selected vessels.