Farstad Shipping ASA - Charter Agreement
(Thomson Reuters ONE) -
Farstad Shipping ASA has been awarded the following charter contract in Brazil:
Petrobras has extended the contract for the AHTS BOS Turmalina (2006, UT 722 L,
14.416 BHP)with further 600 days. Before commencement of the contract the vessel
will be upgraded for ROV support services. Expected commencement of the new
contract is at the end of January 2015. Petrobras has the option to extend the
contract with up to 8 years.
Total value of the contract, excluding options, is approx. NOK 180 mill.
Contacts:
CEO Karl-Johan Bakken - tel. +47 901 05 697
CFO Torstein L. Stavseng - tel. +47 911 07 001
Farstad Shipping's fleet currently consists of 62 vessels (32 AHTS, 26 PSV and
4 SUBSEA) and 2 SUBSEA under construction. The company's operations are managed
from Aalesund, Aberdeen, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro
with a total of 2250 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 GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1867264]
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