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    Drott gets dropped by Shell UK

    Contracts, Tenders and Rates // November 8, 2002
    It was reported during October, that Shell UK exercised their right to terminate the 3-year agreement for AHTS UT712 Normand Drott one year before the expiration of the contract.

    The termination will take effect from 17 December and is based on Shell's level of activity in UK.

    The termination is not expected to have any major impact on the earnings of Solstad for 2003. Presently the vessel is working as a sublet.

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