Solstad Offshore Exercises $125M Purchase Option on Normand Maximus CSV

## Solstad Offshore Exercises $125M Purchase Option on Normand Maximus CSV Norwegian offshore vessel owner Solstad Offshore has exercised a purchase option to acquire the *Normand Maximus*, a 2016-built construction support vessel (CSV), in a deal valued at approximately $125 million, according to Splash247. The move sees a subsidiary of Solstad Offshore take full ownership of the vessel, which had been operating under a bareboat charterparty arrangement entered into on October 7, 2022, with Maximus Shipping — itself a subsidiary of the affiliated entity Solstad Maritime. ### Strategic Asset Consolidation The exercise of the purchase option represents a significant fleet consolidation move for Solstad Offshore, bringing a high-specification, heavy construction asset firmly under its ownership umbrella. The *Normand Maximus* is one of the most capable vessels in the global offshore construction market, equipped to support complex subsea and heavy-lift operations — capabilities that remain in strong demand as the offshore energy sector, including both oil and gas and offshore wind, continues to invest in new infrastructure. The transaction effectively unwinds the bareboat structure that had been in place since late 2022, simplifying the ownership chain between the Solstad Offshore and Solstad Maritime entities. ### Market Context The decision to exercise the option comes at a time of renewed confidence in the offshore vessel market. Day rates for high-end CSVs have firmed considerably over the past two years, driven by a combination of increased offshore energy investment and a constrained supply of vessels capable of performing complex construction and installation work. Securing ownership of a vessel of the *Normand Maximus* calibre at this stage of the market cycle positions Solstad Offshore to capitalise on continued demand for premium offshore construction capacity. Solstad Offshore has been actively reshaping its fleet and balance sheet following a period of financial restructuring, and this acquisition underscores the company's commitment to retaining strategically important tonnage as market conditions improve. *Source: Splash247*