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Charter contracts by Farstad

Charter contracts by Farstad
Farstad Shipping has been awarded the following Charter Contracts.

Farstad Shipping has been awarded the following Charter Contracts.

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.

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 Macae 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.TurkishMaritime.com.tr

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