Looking for a specific product?

Make a search for products & suppliers, articles & news.

Farstad Shipping ASA - Charter Agreement

PSV Far Strider (1999, VS 483, DWT 4,709) has been awarded a four year contract with a four year option in Brazil by Petrobras. Far Strider is currently operating in the North Sea and is expected to leave for Brazil during June 2013.

The value of the contract, excluding options, is approx. NOK 225 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

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


 

Associated companies:


Related news

Latest news

TechnipFMC celebrates 45 years of enhancing the performance of the engineering industry in Spain

TechnipFMC recently commemorated the event with a celebration in Barcelona,

AKVA group to deliver new feed barge to Arctic Sea Farm

Local presence on Iceland and a good training program were critical factors why Arctic Sea Farm hf chose AKVA group as supplier.

World's fastest ROV? - Project ROST

Traditionally, all cleaning has been carried out from a workboat,

New regional manager takes the helm in key oil and gas markets for DNV GL

Elaborating on the differences in the energy markets which now lie under his new responsibilities in DNV GL,

DNV GL launches certification framework and recommended practice for Carbon Capture and Storage (CCS)

The recommended practice DNVGL-RP-F104 Design and operation of carbon dioxide pipelines, 

DNV GL launches new JDP to test biodegradable lubricants

The test programme will investigate such aspects as hydrodynamic oil film formation,

ROV contracts in Brazil

The new contracts and contract extensions give 1 630 days of ROV services...

Steinsvik Secures a Contract for its First Concrete Barge

Steinsvik’s well-known steel barge design is now complemented by a new and innovative concrete barge design.

Searching for the best biological solutions

AKVA group’s biologists play a key role to ensure that the company’s technology not only meets fish welfare requirements, but also provides the best possible conditions for the fish.