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TransAtlantic AHTS goes long
Swedish offshore vessel about to break out of the spot game after penning Stena drillship support pact with Chevron Canada.
Volstad ponders newbuild sale
Volstad Maritime is mulling the potential sale of its freshly ordered newbuilding.
The privately-owned Norwegian company returned to Bergen Group today for its second offshore construction vessel in just over a year.
Finn Syversen
However he also conceded that a sale could be on the cards with demand for these types of vessels growing.
“The market for this kind of vessel is increasing so that is also an option we can do,” Syversen told TradeWinds.
The first vessel is on its way from Turkey to Norway for final outfitting ahead of delivery in the middle of this year.
Syversen confirmed that the ship has been fixed to Canyon Offshore in Aberdeen on a long-term deal.
Volstad Maritime is shelling out a little more to Bergen Group for the second ship.
The first vessel is costing NOK 725m ($125m) while the second will cost in excess of NOK 800m.
Financing for the second ship has yet to be secured though Syversen said he expected to wrap up a package within two months at the latest.
He added that the company would probably combine Norwegian export finance with borrowings from several other local banks.
Volstad’s latest addition to its fleet will be the seventh vessel built by Bergen Group.
Aalesund-based Volstad Maritime is headed by Ola Volstad which split from smaller outfit Volstad Shipping in 2003.
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