Farstad Shipping ASA - Contract for newbuildings

Farstad Shipping ASA - Contract for newbuildings

ID: 157633

(Thomson Reuters ONE) -


Farstad Shipping ASA has, through its wholly owned subsidiary Farstad Supply AS,
reached an agreement with STX OSV AS to build 2 platform supply vessels (PSV) of
the type PSV 07. Contract value is approx. NOK 700 million.



The vessels are designed by STX OSV with a total length of 94.5 meters, breadth
of 21.0 meters and maximum deadweight is 5,600 tons. The vessels will be built
according to DNV's strictest environmental class - 'Clean Design' - and are
arranged for efficient and safe operations.



The steel hull of one of the vessels will be built in Romania and outfitting
yard will be STX OSV Langsten in Tomrefjord. The other vessel will be built at
the STX OSV yard in Vung Tau, Vietnam. Delivery of the vessels will take place
during 2(nd) and 3(rd) quarter 2014 respectively.



These two newbuildings will service the recently awarded 6 year charter
contracts by Statoil.



With this latest order Farstad will have 8 platform supply vessels and 4 anchor
handling tug supply vessels (AHTS) on order with a total build cost of NOK
5,1billion.





Contacts:

CEO Karl-Johan Bakken - tel. +47 901 05 697

CFO Torstein Stavseng -   tel. +47 911 07 001









With this, Farstad Shipping's fleet currently consists of 53 vessels (29 AHTS,
21 PSV and 3 SUBSEA) and 8 PSV and 4 AHTS under construction. The company's
operations are run from Aalesund, Aberdeen, Melbourne, Perth, Singapore, Macaé
and Rio de Janeiro by a total of 2000 employees onshore and offshore. The
company's strategy is to be a major international supplier of large, modern
offshore service vessels to the oil industry.  We also remain committed to a
solid 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
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Farstad Shipping ASA via Thomson Reuters ONE
[HUG#1620521]


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Bereitgestellt von Benutzer: hugin
Datum: 19.06.2012 - 11:01 Uhr
Sprache: Deutsch
News-ID 157633
Anzahl Zeichen: 2768

contact information:
Town:

Ã…lesund



Kategorie:

Business News



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"Farstad Shipping ASA - Contract for newbuildings"
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Farstad Shipping ASA (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

FAR - FINANCIAL CALENDAR 2010 ...

Farstad Shipping ASA will publish their results for the 4th quarter 2009 and results for 2009 on February 17, 2009. A presentation of the results will take place at Norges Rederiforbund, 7th floor, in Oslo on February 18 at 09.00 am. Annual General ...

FAR - Charter Agreements ...

Farstad Shipping announces the following new charter commitments: Petrobras, Brazil, has contracted PSV Far Supporter (1996, UT 750, 4.680 DWT) for a period of 3 years, with start up during the 1st quarter 2010. Peterson SBS has extended the contra ...

Alle Meldungen von Farstad Shipping ASA



 

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