Farstad Shipping gets new charter contracts

Norwegian provider of large offshore vessels Farstad Shipping has been awarded several new charter contracts.

The company today said that new charter contracts are worth $103.1 million, excluding options.

Statoil has declared their one year option to extend the contract for the PSV Far Serenade, and Saipem has also declared the one year option to extend the contract for CSV Far Samson. Additionally, Peterson Den Helder B.V. has declared their one year option for the PSV Far Splendour and in Australia ConocoPhillips has extended the contract for the PSV Lady Melinda with another 2 years.

Furthermore, PSV Far Starling has been awarded an 18 month firm contract by Woodside, with a further option of 3 x 6 months. Woodside has also declared their option to extend the contract for the PSV Lady Grace  with another 12 months, and Exxon Mobil has declared their option to extend the contract for the PSV Far Swan with another 180 days.

Hunt Oil has awarded contracts to the AHTS Lady Astrid, the AHTS Lady Sandra and the AHTS Far Stream for the approximate duration of 45 days with a further option of approximate 45 days. After finalizing of the Hunt Oil contracts the Lady Astrid and the Lady Sandra will commence new contracts with PTTEP. Each vessel has been awarded a contract for the approximate duration of 80 days.