Norway: Farstad Signs Deal with STX OSV for Two New PSVs


STX OSV Holdings Limited , one of the major global designers and shipbuilders of offshore and specialized vessels, is announced that it has secured new contracts for the design and construction of two Platform Supply Vessels (PSV) for Farstad Shipping.

The total value of the contracts amounts close to NOK 600 million (USD 108.9 million).

The vessels will be of STX OSV’s own PSV 08 design. Deliveries are scheduled from STX OSV Langsten in Norway and STX OSV Vung Tau in Vietnam in the first half of 2013.

The overall length of each vessel will be 81.7 meters with a beam of 18.0 meters. The vessels will have a deck area of approximately 800 m2 and accommodation capacity for 30 persons.

Including these new contracts, STX OSV has in total six vessels under construction for Farstad Shipping.


Source:STX OSV , May 20, 2011; Image: Farstad