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SBM Offshore and Solstad JV Orders New Vessel for 2029 Delivery
SBM Offshore and Solstad Offshore form joint venture to order next-generation deepwater installation vessel, targeting first half 2029. The move locks in installation capacity for FPSO projects and reduces execution risk.
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Alpha Score of 64 reflects moderate overall profile with strong momentum, strong value, weak quality, moderate sentiment.
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SBM Offshore and Solstad Offshore have formed a joint venture that signed a Letter of Intent with a selected shipyard to order a new-build multi-purpose deepwater installation and construction vessel. The target delivery window is the first half of 2029.
The vessel will support the installation of ocean infrastructure including FPSOs and is part of the company’s goal for ocean infrastructure to
How this story was producedLast reviewed Jun 1, 2026
Prepared with AlphaScala research tooling and grounded in primary market data: live prices, fundamentals, SEC filings, hedge-fund holdings, and insider activity. Each story is checked against AlphaScala publishing rules before release. Educational coverage, not personalized advice.
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