The Solstad companies keeps notching wins in Brazil.
The Haugesund-based group announced on Friday that it signed three new contracts worth $53m for work with unspecified clients there.
It said the 12,240-bhp anchor-handling tug supply vessel Normand Topazio (built 2005) will start a one-year contract this month and a second AHTS, the 14,416-bhp Normand Turmalina (built 2006) will begin its one-year deal next month.
The 127-loa construction supply vessel Normand Cutter (built 2001) will work for nine months supporting subsea construction activities this month.
The Normand Topazio and Normand Turmalina are both owned by Solstad Offshore. The Normand Cutter is owned by Solstad Maritime, in which Solstad Offshore has a 27.3% stake.
In the second quarter, the two companies reported a NOK 7bn ($641m) contract backlog thanks to work in the Brazilian market.
Chief executive Lars Peder Solstad said 15 vessels from the Solstad group were working in South America, making it their most active region.
For the quarter, Solstad Maritime earned a NOK 434m profit while Solstad Offshore made NOK 189m.
The companies split apart following an $875m refinancing deal from Kjell Inge Rokke’s Aker Capital.
Solstad Offshore kept the public listing, three AHTS vessels and five CSVs.
Solstad Maritime took 10 AHTS vessels and 23 CSVs with it and went private.
In midday trading on Friday, Solstad Offshore shares were up NOK 1.22, hitting NOK 31.24.
