Solstad firms up at Vard

Norway’s Solstad Shipping has firmed up a newbuild order for a subsea construction vessel (SCV) at Italy’s Vard Group after nailing down a long-term charter with a mystery contractor.

The Oslo-listed vessel owner had in March signed a letter of intent with Vard for the construction of 180-metre SCV after also signing a similar tentative agreement with an unidentified offshore contractor.

Both of these deals have now been firmed up, with the Vard 3 19-design due for delivery in the second quarter of 2016.

The mystery charterer will have the vessel for an initial period of eight years. It is understood there are options for up to a further three years.

The hull will be built at Vard’s facility in Tulcea, Romania, with outfitting taking place at Brattvaag in Norway.

It will be equipped with a 550-tonne top tension vertical lay system for installation of large-diameter flexible pipes in ultra deepwater and harsh environments.

The vessel will also feature a 900-tonne active offshore crane and a 4000-tonne carousel below deck for storage of flexible pipes, cables and umbilicals.

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