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    Reach Subsea confirms deal with Solstad

    News // February 19, 2013

    Reach Subsea has confirmed that it has signed a long-term charter with Solstad Offshore for a construction support vessel (CSV) of OSCV 03 design.

    The vessel will be built by STX OSV and is due for delivery in the second quarter of 2014. The charter is for five years firm period with extension options for 3 × 1 years. The charter was concluded on market terms.

    “We will benefit from working with a strong shipowner. Solstad’s experience with advanced offshore vessels combined with Reach Subsea’s expertise in subsea operations will form a foundation for a state-of-the-art subsea spread. A technical team is already established, and we look forward to working with Solstad and STX in the building phase” said Kåre Johannes Lie, Managing Director at Reach Subsea.

    The vessel will be operated from Reach Subsea’s offices in Haugesund and is part of the company’s plan to form a strong Norwegian subsea player with high end vessels, equipment and personnel.

     

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