Solstad wins arbitration over CSV charter dispute

AI Summary

Solstad Offshore has won an arbitration case regarding a charter dispute, resulting in approximately $13 million in charter hire and additional interest compensation. The ruling underscores the company's strong position in the maritime sector.

Norwegian offshore vessel owner Solstad Offshore has announced it has prevailed in arbitration proceedings over a disputed charter of the Normand Maximus CSV. As a result of the ruling, Solstad Offshore will receive approximately $13m in charter hire. In addition, an interest compensation of approximately $1.5m has been awarded. According to a company statement, the …