Farstad Shipping ASA has been awarded the following charter contract:
PSV Far Star (1999, UT 745, 4,403 DWT) has been awarded a four year contract with a four year option by Petrobras in Brazil. The vessel is currently on charter to Technip UK in Brazil. Commencement of the new contract is 14 August 2013 at the latest.
The contract value, excluding option, is approx. NOK 275 mill.
Contacts:
CEO Karl-Johan Bakken - tel. +47 901 05 697
CFO Torstein Stavseng - tel. +47 911 07 001
Farstad Shipping's fleet currently consists of 58 vessels (29 AHTS, 26 PSV and 3 SUBSEA) and 3 PSV, 3 AHTS and 1 SUBSEA under construction. The company's operations are managed from Aalesund, Aberdeen, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro with a total of 2080 employees engaged onshore and offshore. The company's strategy is to be a leading quality provider of large, modern offshore service vessels to the oil industry. The company maintains a long-term charter profile for the fleet.
www.farstad.com (http://www.farstad.com/)
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Farstad Shipping ASA via Thomson Reuters ONE
