Farstad Shipping Secures Charter Contracts for Its Vessels in Australia

Business & Finance

Farstad Shipping Secures Charter Contracts for Its Vessels in Australia

Farstad Shipping ASA announced that it has been awarded the charter contracts in Australia for a total value of NOK 300 mill (approx USD 51.68 mill) excluding options.

Origin Energy has awarded contracts to AHTS Far Fosna (1993, UT 722, 14,400 BHP) and AHTS Lady Sandra (1998, KMAR 404, 15,014 BHP) to support their Bass Strait drilling campaign. The duration of the contracts will be approx. 9 months commencing in April.

Woodside Energy Ltd. has awarded PSV Lady Grace (2001, UT 755, 2,936 DWT) a 12 month contract with 2 yearly options. The vessel will continue to service Woodside’s production facilities on the North West Shelf.

Woodside has also extended the contract for AHTS Far Strait (2006, UT 712L, 14,688 BHP) for another year from June 2012.

Esso has declared their option to extend the contract for PSV Lady Kari-Ann (1982, ME 202, 2,972 DWT) for a further 3 months, with an additional 2 month option, extending the vessel well into third quarter 2012.

BHP Billiton has awarded a 3 month contract to AHTS Far Saltire (2002, UT 728L, 16,320 BHP) in support of their drilling campaign on the North West Shelf. Commencement will be in April.

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Source: Farstad Shipping, April 11, 2012