CSV market picking up worldwide

Solstad Offshore scooped multiple contract awards from a large international contractor for the CSVs NORMAND NAVIGATO, NORMAND FRONTIER and NORMAND AUSTRALIS. The three CSVs will be utilized for projects on the east coast of India. The contract is expected to commence early Q1 2021 and have a combined potential duration of approximately 450 vessel days, in addition to mobilization and demobilization. In addition, Norwegian company has been awarded another contract with a large international contractor for NORMAND FRONTIER, after completion of the project in India. This contract is in Australia and will commence in Q2 2021, for a duration up to 3 months, excluding mobilization and demobilization. Furthermore, vessel owner have negotiated and agreed an early release of NORMAND FRONTIER from its current contract with Ocean Infinity to be able to undertake the contract in India and Australia, said Solstad.