Petrobras Enters Third PSV Charter Deal in a Single Day

Brazil’s state-controlled oil company Petrobras is on a chartering spree.

Norway’s offshore shipping company Farstad, has announced it has secured a four year contract with a four year option by Petrobras in Brazil for its PSV Far Star. The contract for the vessel, currently chartered to Technip UK in Brazil, is expected to start no later that August 14, 2013.

This is a third PSV charter deal signed by Petrobras today. The company also entered into contracts with Havila Shipping and Siem Offshore for Havila Faith and Siem Carrier PSVs respectively.

Out of the three Norwegian shipowners, Siem Offshore is the only one which revealed financial details of the contract. Its Siem Carrier will bring the company $50 million for the firm period of the contract excluding options.