Solstad Maritime has confirmed the sale of the Normand Clipper to Global Marine Group, the vessel’s current operator since 2020, for future maritime projects.
Scheduled delivery of the Normand Clipper vessel
This transfer of ownership will take place at the end of the current contract, on June 1, 2026. Until then, the vessel will continue to serve as a specialized submarine cable-laying platform, a role it has performed under the management of Global Marine Group in many regions of the world.
The transaction represents a profit of approximately US$10 million for Solstad Maritime, which will be reflected in its financial results for the second quarter of 2026. The sale comes in the context of a restructuring of assets within the Norwegian company’s offshore portfolio.
The Normand Clipper was built in 2001, with a large capacity adapted for subsea infrastructure installation operations. installation of subsea infrastructure. It is equipped with specialized technology to support offshore projects, particularly in the telecommunications and energy sectors.
Global Marine Group has kept the Normand Clipper under contract for the past few years. The acquisition strengthens its strategy of having its own assets for long-term projects, ensuring operational availability and reducing external dependence.
The transaction reflects a growing trend in the offshore services market: the vertical integration of operators seeking to control both technical execution and logistics assets. With this purchase, the client’s fleet is optimized as Solstad Maritime advances its asset optimization strategy.
Source and photo: Solstad