Normand Maximus Begins Saipem Charter

Solstad Offshore has taken delivery of the offshore subsea construction vessel “Normand Maximus” through the 25/75 owned affiliate, Maximus Limited, with AGC Maritime Yield Fund I LP from Vard Brattvaag.

At the same time, the vessel started its 8-year charter contract with Italian contractor Saipem.

Normand Maximus, is developed in collaboration between Solstad, Saipem and Vard. The vessel is equipped with a 900 ton active heave compensated offshore crane and a 550-ton top tension vertical lay-system, enabling the installation of large diameter flexible pipes in ultra-deepwater environments.

The vessel is buildt by Vard in Romania and Norway. The long term financing of the vessel is arranged by DNB, NIBC, Swedbank, GIEK and Eksportkreditt.