Solstad Enters Charter Deals for Its PSV Duo in Brazil

Norway’s Solstad Offshore has been awarded two new contracts by Petrobras for hire of the PSV’s “Normand Vibran” and “Normand Trym”.

The duration of the new contracts are 4 years each. Petrobras have options to extend the contracts with further 4 years, but at a rate to be agreed.

In addition, the present contracts the vessels have with Petrobras, will be extended with about 120 days each. Giving a total new firm contractperiod of 4 years and 4 months per vessel.

The combined value of the contracts is approximately $87 million.