Volstad Gains Financing for New Subsea Construction Vessel

Volstad Shipping has announced today they have secured the required financing to execute the previously announced construction contract for a new 128-meter offshore construction and subsea IMR vessel at Tersan shipyard in Turkey.  The vessel is a Skipsteknisk ST-259 design and will be built at a total contract value of approximately USD $130 million. Volstad notes that … [Read more...]

Volstad Shipping Orders $130 Million Subsea IMR Vessel

Volstad Shipping AS has signed a newbuild contract with Tersan Shipyard in Turkey for a new Subsea IMR and Construction Vessel. The vessel comes at a total project cost of approximately NOK 800 million (USD 130 million) and is scheduled for delivery at the end of 2015. The vessel will be of the ST-259 design, and built for operation under severe weather conditions and with … [Read more...]