Posted on January 3, 2023
Skudeneshavn, Norway, headquartered Solstad Offshore ASA (Solstad, OSE: SOFF) has received Letters of Award from various undisclosed subsea contractors for hire of the CSV Normand Maximus for execution of projects during 2023.
The projects have a combined duration of minimum 200 days plus additional option periods, and the value of the firm portion is approx. NOK 500 million (about $51 million).
The subsea construction vessel Normand Maximus is 178 meters long, has a 900 tonne AHC crane, 550 tonne VLS, can accommodate up to 180 people and is the largest vessel in Solstad’s fleet.
The Normand Maximus is on a long-term bareboat charter between a subsidiary of AMSC ASA and a single purpose subsidiary of Solstad. AMSC, which up until a recent name change was called American Shipping Company, said that the Letters of Award are strong contributions to the financial performance under the bareboat charter.