Solstad Offshore ASA announced a contract for the CSV Normand Cutter with Global Marine Group ("GMG"). Commencement of the contract is in March 2021, in direct continuation of current charter with GMG. Firm duration of the contract is 120 days plus 80 days options thereafter. In addition, GMG has the option to extend the contract for up to 200 days in 2022, exercisable by August 1, 2021. Global Offshore, part of the Global Marine Group, will utilise the Normand Cutter on their cable installation, trenching, maintenance, and repair projects both within the renewable energy and oil & gas markets.