Norway: Farstad Secures USD 44 Million in Charter Contracts

Norway’s Farstad Shipping, a supplier of large, modern offshore support vessels, has secured multiple charter contracts.

Statoil has declared their option to extend the contracts for PSV Far Seeker (2008, UT 751E, 4.905 DWT) and PSV Far Searcher (2008, UT 751E, 4.992 DWT) for a period of 12 months.

Woodside in Australia has chartered AHTS Far Grip (1993, UT 722, 14.400 BHP) for a period of 9 months with commencement in the beginning of March.

In Brazil Petrobras has extended the contract for AHTS Far Sagaris (2009, UT 731CD, 23.700 BHP) until end October 2012.

Total value of the contracts is approximately NOK 250 million (approximately USD 44 million).

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Offshore Energy Today Staff, February 20, 2012; Image: Farstad Shipping