Norway: Solstad Offshore Takes Over “Nor Spring” and “Nor Captain”

 Solstad Offshore Takes Over "Nor Spring" and "Nor Captain"

Solstad Offshore has today taken over the ownership over the Anchor Handling Tug Supply vessels (AHTS) “Nor Spring” and “Nor Captain”.

The vessels have been on a bareboat contract to SOFF from Java Marine Lines for nearly 5 years and SOFF has now used its options to purchase the vessels. The cost price is 100% financed by a loan worth USD 38 million.

“Nor Captain” is currently operating at a site in South-East Asia, while “Nor Spring” has been chartered out to Bibby Offshore on a 3-year bareboat contract. (ref.stock exchange notice on the 17 April 2012)

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Source: Solstad Offshore, June 27, 2012