Farstad Shipping has been awarded the following Charter Contracts:
Statoil has declared their option to extend the contract for PSV Far Searcher
(2008, UT 751E, 4.755 DWT) for periods of totally 2 years, with start up during
March 2010. Statoil has also declared their option to extend the contract for
PSV Far Symphony (2003, P105, 4.929 DWT) for 1 year, with start up during April
2010. The extentions are made on a lower rate level than existing contracts.
Petrobras, Brazil has awarded one of our large new AHTS (UT 731 CD, 22.000 BHP)
a 2 year contract commencing 25(th) February 2010. AHTS Far Santana (2000, UT
730, 19.200 BHP), already located in Brazilian waters, will service as a front
runner until June 2010.
Total value of the contracts is approx. NOK 390 mill.
Contacts:
CEO Karl-Johan Bakken ? tel. +47 90 10 56 97
CFO Torstein Stavseng ? tel. +47 91 10 70 01
Farstad Shipping?s fleet currently consists of 56 vessels (29 AHTS, 24 PSV and
3 SUBSEA) and 2 AHTS under construction at Norwegian yard. The company?s
operations are run from Aalesund, Aberdeen, Melbourne, Singapore and Macaé by a
total of 1700 employees onshore and offshore. The company?s strategy is to be a
major international supplier of large, modern offshore service vessels to the
oil industry. We also remain committed to solid long-term charter profile for
the fleet.
www.farstad.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1370705]
