Norwegian Vessel Owner Solstad Maritime Secures Three-Year Contract for CSV Normand Frontier
Norwegian vessel owner Solstad Maritime has entered into a three-year contract with an international contractor for its construction support vessel (CSV), Normand Frontier.
Solstad Offshore, holding a 27% stake in Solstad Maritime, announced that the contract, effective immediately, will ensure full utilization of the 2014-built CSV until the end of 2027.
The rates agreed upon are in accordance with prevailing market levels for this type of vessel, as stated by the company.
The charter encompasses the provision of two work-class ROVs, along with staffing, equipment, survey services, and project personnel, all of which will be supplied by Solstad and Norwegian company Omega Subsea.