Solstad takes delivery of Normand Maximus and signs charter contract with Saipem

By Vessels

Solstad Offshore ASA (SOFF) took delivery of the Normand Maximus on the 28th October 2016 through the 25/75 owned affiliate, Maximus Limited, with AGC Maritime Yield Fund I LP from Vard Brattvaag. At the same time, the vessel commenced its 8-year charter contract with Saipem.

Solstad takes delivery of Normand Maximus and signs charter contract with Saipem

Normand Maximus - Image courtesy: Solstad

Normand Maximus, is developed in close collaboration between Solstad, Saipem and Vard. The vessel is equipped with a 900 ton active heave compensated offshore crane and a 550-ton top tension vertical lay-system, enabling the installation of large diameter flexible pipes in ultra-deepwater environments.

The vessel is built by Vard in Romania and Norway. The long term financing of Normand Maximus is arranged by DNB, NIBC, Swedbank, GIEK and Eksportkreditt.

Source: Solstad