STX OSV Holdings Limited is pleased to announce that it has secured a contract for the design and construction of a large, advanced Offshore Subsea Construction Vessel for Ocean Installer and Solstad Offshore. The contract value amounts to approximately NOK 1.4 billion. Ocean Installer and Solstad will have joint ownership of the vessel, which is to be operated by Ocean Installer. The vessel is scheduled for delivery from STX OSV in Norway in 2Q 2014. The hull will be delivered from STX OSV in Romania. The contract is subject to board approval by the Norwegian Guarantee Institute for Export Credits, expected to be received on or around 20 June 2012...
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