Solstad Offshore is in a position to start offering dividends after resolving a long-running dispute involving its largest ship.
The Norwegian offshore vessel owner said on Friday that it had settled a $197m residual claim related to the financing of the 178-loa Normand Maximus (built 2016), resulting in two payments totalling $102m.
Chief executive Lars Peder Solstad said: “This uncertainty related to the residual claim is now brought to an end.
