
CIMC Raffles Wins Deepwater Installation Vessel Contract
CIMC Raffles will build a next-generation deepwater offshore installation and construction vessel for a Solstad Offshore and SBM Offshore joint venture.

CIMC Raffles will build a next-generation deepwater offshore installation and construction vessel for a Solstad Offshore and SBM Offshore joint venture.

Solstad Offshore and SBM Offshore will order a new multi-purpose deepwater installation and construction vessel through a joint venture, with delivery targeted for the first half of 2029.

Solstad Offshore won arbitration tied to a disputed 2024 charter hire for the CSV Normand Maximus, securing about $14.5 million including interest compensation.

Solstad Offshore’s largest vessel, Normand Maximus, has secured a worldwide subsea LoI from Q1 2027 to Q1 2029, with an option to Q1 2030.
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