Farstad Shipping ASA - Charter Agreement

Farstad Shipping ASA - Charter Agreement

ID: 373286

(Thomson Reuters ONE) -


Farstad Shipping ASA has signed a Letter of Intent with Technip regarding
utilization of the subsea vessel Far tbn Sleipner (2015, Vard 3 07) which is
under construction at Vard Langsten.


The Agreement secures the subsea vessel a utilization of 11 months, divided into
two fixed periods. Including mobilization and demobilization, Technip can use
the vessel for up to 16 months. Delivery of the vessel from the yard is expected
to take place in March/April 2015, and preparations for the contract will then
start immediately.

The contract is based on market terms. 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 under construction. The company's operations are
managed from Aalesund, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro
with a total of 2,200 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 to 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#1896409]




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Datum: 23.02.2015 - 08:28 Uhr
Sprache: Deutsch
News-ID 373286
Anzahl Zeichen: 2145

contact information:
Town:

Ã…lesund



Kategorie:

Business News



Diese Pressemitteilung wurde bisher 228 mal aufgerufen.


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"Farstad Shipping ASA - Charter Agreement"
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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).

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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 ...

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