Solstad Offshore will no longer be forced into buying a leased multifunctional support vessel worth $122m.
The Oslo-listed shipowner warned in September that the terms of the lease for the 177-loa Normand Maximus (built 2016) meant the company might have to purchase the unit from owner Maximus Ltd if it could not find work.
The previous charterer, Italy's Saipem, tore up an eight-year charter four years early.
