Solstad Maritime ASA (SOMA) is pleased to announce multiple new contract awards for several anchor handling tug supply vessels (AHTS) and a construction support vessel (CSV). The combined firm duration of the contracts is approximately 700 vessel days.

The following vessels are included in the awards:

  - Normand Saracen and Normand Scorpion have been awarded contracts with an undisclosed operator in the Asia-Pacific region. The contracts include a combined firm period of 516 days, plus a combined optional period of 358 days. Commencement is scheduled for Q1 2026.
  - Normand Scorpion has also been awarded two projects with tier-one EPIC contractors for subsea installation work in the Asia-Pacific region. These projects are scheduled to start in December and have an expected duration up to 2 months.
  - Normand Sapphire has been awarded a contract with an undisclosed operator in the Mediterranean Sea. The firm period is 60 days, plus options thereafter. The contract commences immediately.
  - Normand Baltic’s current contract has been extended with a firm duration until the end of 2025. The extension represents a firm period of approximately 100 days, with further options thereafter.

The combined value of the firm contracts is approximately USD 50 million.

About Solstad Maritime

Solstad consists of two main shipowning structures, Solstad Offshore ASA and Solstad Maritime ASA (“Solstad Maritime”). The companies have different owner structures. Solstad Maritime was established January 16, 2024.

Solstad Maritime owns 32 vessels suitable for work within both renewable energy and oil and gas activity. The company additionally provides ROVs, surveys and other additional services through Solstad Services.

Solstad Shipping AS, owned by Solstad Maritime, is the Document of Compliance (“DoC”) holder for all vessels owned or controlled by the Solstad Companies.