Norway's Solstad Offshore will receive a $45m charter termination fee as rival shipowners reveal more global term deals in rapidly rising offshore support vessel markets.
The shipowner said Italian charterer Saipem's Portuguese unit is returning the 177-loa multifunctional support vessel (MSV) Normand Maximus (built 2016) four years into an eight-year deal.
This means Solstad will lose $200m of contracted backlog, but will gain the termination fee up front.
