Ocean Installer sells share in CSVVessel & ROV News // April 11, 2014
Ocean Installer has sold its 70 per cent share in the CSV Normand Vision to its marine partner Solstad Offshore, giving Solstad 100 per cent ownership.
Normand Vision remains committed on a long-term charter with Ocean Installer and the sale does not affect the plans Ocean Installer has for the use of the vessel.
“This is a strategic decision that will contribute to the further growth of Ocean Installer. We maintain operation of Normand Vision, whilst at the same time increasing our liquidity and thereby our ability to make further investments in organisation and assets,” said Ocean Installer's CEO Steinar Riise.