Norwegian company Solstad Maritime has signed an extension to the 2014 charter agreement for an advanced multi-purpose offshore construction vessel with the country's shipbuilding and operating company Ocean Installer, part of the Moreld Group.
Solstad Maritime announced today, October 29, the first optional one-year contract extension for the 157 meter Normand Vision with Ocean Installer, in direct continuation of the current agreement that secures operations until the end of 2027.
The agreement has also been expanded to include an additional annual option and now includes two annual options for 2028 and 2029.
In addition, the parties have foreseen a mechanism that could allow a further extension of the contract until 2031.
“Normand Vision and their crew have served us well over the last decade. We have deployed Normand Vision in the SURF, mooring, IRM, renewable energy and decommissioning markets and have successfully completed projects worldwide. We look forward to continuing our strong relationship and collaboration with Solstad.” said Kevin MurphyCEO of Ocean Installer.
Built for heavy construction work, the heavy-duty Construction Support Vessel (CSV) is specifically designed for subsea umbilicals, risers and flowlines (SURF) in demanding conditions.
“With this expansion, Ocean Installer can continue to support its current operations and is positioned to take advantage of new opportunities in global energy markets.” said Geir AustigardCEO of Moreld.
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