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Solstad finds ConocoPhillips hire


Published Oct 20, 2008
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Normand Mjolne Solstad Offshore
courtesy Solstad Offshore

Norway-based offshore fleet operator Solstad Offshore has entered into a long-term contract with ConocoPhillips in Norway for the hire of anchor-handling, tug-supply standby ship the Normand Mjolne.

The ship starts earning this month for what will be a 2.5-year contract.

Solstad said it was getting “an acceptable return” for the job, although contract terms were confidential.

Some observers foresee hard times for owners of offshore fleets after a swell of ship-building. Others point to new finance models for offshore shipping acting as a defence against the hardest times.

Tags: Solstad Offshore




   

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