Contract for building of platform supply vessels

Contract for building of platform supply vessels

ID: 48846

(Thomson Reuters ONE) -




Farstad Shipping ASA has, through its wholly owned subsidiaries in Singapore,
Scotland and Norway reached an agreement with STX OSV to build 4 platform supply
vessels (PSV). There is an option for building of additional 3 vessels. The
newbuilds are part of Farstad's fleet renewal and represent an investment of
approx. NOK 1.35 billion (excl. options). Delivery of the vessels will take
place in 2012 and 2013.

The vessels ordered are of two different designs:

3 of the vessels will be of STX PSV 08 CD design, of which 2 will be built at
STX yard in Vietnam and 1 at STX yard in Tomrefjord (Langsten). These vessels
are built for Farstad Shipping's foreign subsidiaries. PSV 08 CD is a newly
developed, medium sized, diesel electric PSV with deck area approx. 800 m².

In addition 1 large PSV (deck area approx. 1000 m²) of UT 754 WP design is
ordered. This is a new PSV concept developed in close cooperation between Rolls
Royce Marine and Farstad Shipping. Delivery and building of this vessel will be
managed by STX yard in Tomrefjord (Langsten).



Contacts:
CEO Karl-Johan Bakken -   tel. +47 90 10 56 97
CFO Torstein L. Stavseng - tel. +47 91 10 70 01


Farstad Shipping's fleet currently consists of 58 vessels (32 AHTS, 24 PSV and
2 SUBSEA) and 4 PSV under construction. The company's operations are run from
Aalesund, Aberdeen, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro by a
total of 1820 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 solid long-term charter profile for
the fleet.

www.farstad.com



This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)






[HUG#1463079]





UT 754 WP:
http://hugin.info/45/R/1463079/402012.pdf

PSV 08 CD:
http://hugin.info/45/R/1463079/402011.pdf




This announcement is distributed by Thomson Reuters on behalf of
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(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


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Bereitgestellt von Benutzer: hugin
Datum: 17.11.2010 - 08:32 Uhr
Sprache: Deutsch
News-ID 48846
Anzahl Zeichen: 2774

contact information:
Town:

Ã…lesund



Kategorie:

Business News



Diese Pressemitteilung wurde bisher 179 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"Contract for building of platform supply vessels"
steht unter der journalistisch-redaktionellen Verantwortung von

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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