Farstad Shipping ASA - Charter Agreements

(Thomson Reuters ONE) -


Farstad Shipping has been awarded the following 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.


Contacts:
CEO Karl-Johan Bakken - tel. +47 901 05 697
CFO Torstein Stavseng -   tel. +47 911 07 001



Farstad Shipping's fleet currently consists of 56 vessels (32 AHTS, 21 PSV and
3 SUBSEA) and 6 PSV and 2 AHTS under construction. The company's operations are
managed from Aalesund, Aberdeen, Melbourne, Perth, Singapore, Macaé and Rio de
Janeiro with a total of 1990 employees engaged onshore and offshore. The
company's strategy is to be a leading quality provider of large, modern offshore
service vessels to the oil industry. The company maintains a long-term charter
profile for the fleet.

www.farstad.com

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.






This announcement is distributed by Thomson Reuters on behalf of
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(i) the releases contained herein are protected by copyright and
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originality of the information contained therein.

Source: Farstad Shipping ASA via Thomson Reuters ONE

[HUG#1587580]

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Datum: 20.02.2012 - 14:38 Uhr
Sprache: Deutsch
News-ID 116379
Anzahl Zeichen: 2098

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