Solstad Offshore wins $156m contracts for three construction vessels

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Solstad Offshore ASA has bagged contract awards for three subsea construction vessels (CSV) with a combined time charter value of around NOK 1.6 billion ($156.4 million).

The Norwegian offshore service and supply ship shipping company has won the contracts for Normand Vision, Normand Ocean, and Normand Pioneer construction vessels.

Normand Vision has won a new contract from Havfram AS for a three-year firm period along with an option for a couple of more years. The contract will begin in January 2024 in direct continuation of the current agreement with Havfram, said the Norwegian shipping firm.

Solstad Offshore wins $156m contracts for three subsea construction vessels

Solstad Offshore wins $156m contracts for three subsea construction vessels. Photo courtesy of Peder Otto Dybvik/Solstad Offshore ASA.

Solstad Offshore has won both an extension and a new contract for the Normand Ocean subsea construction vessel from DeepOcean AS for a two-year firm period from January 2024. There is also an option for an additional year after that in direct continuation of an existing contract with DeepOcean.

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On the other hand, the Normand Pioneer construction vessel has been issued a letter of intent for a contract with a major energy player in South America for a 14-month period plus an option for an additional one year. The contract will begin this month, said Solstad Offshore.

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