Farstad Shipping ASA - Charter Agreement
(Thomson Reuters ONE) -
Farstad Shipping ASA has been awarded a 5 year framework agreement by Technip
Norge AS for delivery of ROV support operations, light construction work, IMR
and other subsea related activities.
The Agreement gives Technip the right to utilize the vessel up to 320 days per
year, and to extend the contract with a further up to 5 year period.
Commencement of the framework agreement will be 1st quarter 2017.
To fulfill the contractual obligations Farstad Shipping ASA will enter into an
agreement to build one subsea/IMR vessel. The vessel has been developed and
designed in close cooperation with Technip to support IMR activities with crane
capacities up to 150 tons.
Farstad Shipping is in final negotiations with a yard about the Shipbuilding
Contract.
The commercial terms of the agreement with Technip will be kept private and
confidential between the parties.
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 3 SUBSEA vessels (including the above) under construction. The
company's operations are managed from Aalesund, Aberdeen, Melbourne, Perth,
Singapore, Macaé and Rio de Janeiro with a total of 2,250 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#1879554]
Unternehmensinformation / Kurzprofil:
Datum: 12.12.2014 - 13:00 Uhr
Sprache: Deutsch
News-ID 359131
Anzahl Zeichen: 2448
contact information:
Town:
Ã…lesund
Kategorie:
Business News
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"Farstad Shipping ASA - Charter Agreement"
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