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    Solstad sells another

    Vessel & ROV News // October 7, 2005

    Solstad Offshore ASA in Norway has entered into a Letter of Intent (LoI) for the sale of the PSVl Normand Produce to an unspecified Norwegian buyer.

    The vessel, a UT755L design built in 2001, will be delivered to its new owners by the end of October 2005.

    Solstad said the agreed price is around the vessels’ broker value as of the end of June.

    In the past, Normand Produce (ex-Troms Falken) worked extensively for Total in the UK sector on a long term charter.

     

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