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Regulatory press release

Solstad Maritime ASA - Multiple Contract Awards

Solstad Maritime
Read the release

Skudeneshavn, 10 October 2025

Solstad Maritime ASA (SOMA) is pleased to announce multiple new contract awards for several anchor handling tug supply vessels (AHTS) and a construction support vessel (CSV). The combined firm duration of the contracts is approximately 700 vessel days.

The following vessels are included in the awards:                   

  • Normand Saracen and Normand Scorpion have been awarded contracts with an undisclosed operator in the Asia-Pacific region. The contracts include a combined firm period of 516 days, plus a combined optional period of 358 days. Commencement is scheduled for Q1 2026.
  • Normand Scorpion has also been awarded two projects with tier-one EPIC contractors for subsea installation work in the Asia-Pacific region. These projects are scheduled to start in December and have an expected duration up to 2 months.
     
  • Normand Sapphire has been awarded a contract with an undisclosed operator in the Mediterranean Sea. The firm period is 60 days, plus options thereafter. The contract commences immediately.
  • Normand Baltic's current contract has been extended with a firm duration until the end of 2025. The extension represents a firm period of approximately 100 days, with further options thereafter.

The combined value of the firm contracts is approximately USD 50 million.

Contacts:

Lars Peder Solstad, CEO: +47 91 31 85 85

Kjetil Ramstad, CFO: +47 90 75 94 89

Solstad Maritime ASA

www.solstad-maritime.com

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