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Farstad receives new PSV

Farstad receives new PSV
The platform supply vessel (PSV) "Sical Torino" (VS470 MKII 3,570 DWT) has been delivered to Farstad Shipping Pte Ltd, Singapore.

The platform supply vessel (PSV) "Sical Torino" (VS470 MKII 3,570 DWT) has been delivered to Farstad Shipping Pte Ltd, Singapore.

The platform supply vessel (PSV) "Sical Torino" (VS470 MKII 3,570 DWT) has been delivered to Farstad Shipping Pte Ltd, Singapore, a wholly owned subsidiary of Farstad Shipping ASA. The purchase of the vessel, renamed "Far Swan", is facilitated by internal financial resources. However, a long-term financing will soon be arranged by Nordea.

Woodside Australia has awarded the vessel an 18 months contract (+18 months option). Start-up of the contract will be December depending on when the DP SS Maersk Discovery Rig is in position in Australian waters.

Farstad Shipping also announces the following new charter contracts:

Petrobras has extended the contracts for Far Sailor (AHTS, UT 722, 1997), Far Senior (AHTS, UT 722 L, 1998) and PSV Far Swift (UT 755 L, 3.084 dwt) all for a period of 2 years in Brazil. Petrobras has an option to extend the contract for Far Swift for further 5 months. The extensions are made on a lower rate level than the existing contracts.

Total value of the contracts with options is approx. NOK 580 million with todays exchange rates.

www.TurkishMaritime.com.tr

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