Solstad, GSP Sign AHTS Charter Contract

Solstad Offshore has signed a contract with GSP Antares Limited(GSP) by which GSP will bareboat charter SOFF’s 1985 built AHTS “Normand Mjolne” for a period of 2 years.

Thereafter GSP has an obligation to purchase the vessel at a pre-agreed price.

The commencement of the bareboat charter will be April 13.

The commercial terms are confidential between the parties.

[mappress]

Press Release, March 20, 2013