The pair booked the ship at Vard in June 2012 with deliveryset for the same month this year.

Solstad initially agreed to buy just a 30% stake in thevessel that cost NOK 1.5bn ($236m) with an option to raise the stake to 50%.

However today the Oslo-listed owner announced it is takingfull ownership of the Normand Vision though it declined to reveal the price.

Ocean