Norway’s Solstad Maritime has secured a contract extension with compatriot marine construction and operations player Ocean Installer, part of the Moreld Group, for an advanced multi-purpose offshore construction vessel built in 2014.
Solstad Maritime announced today, July 7, a one-year contract extension for the 157-meter-long Normand Vision with Ocean Installer , in direct continuation of the current agreement, securing operations through the end of 2028.
The agreement has two additional annual options, for 2029 and 2030, including a mechanism for further extension of the contract until 2031.
The high-capacity construction support vessel (CSV) is built for heavy construction work and is purpose-built for subsea umbilicals, risers and flowlines (SURF) operations in demanding conditions.
The parties agreed on the first optional one-year contract extension for the 157-meter-long vessel in October 2025, keeping it busy until the end of 2027.