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