Charter Agreements
(Thomson Reuters ONE) -
Farstad Shipping has been awarded the following charter contracts:
AHTS Far Shogun (2010, UT 731CD, 24.000 BHP) and AHTS Far Saracen (2010, UT
731CD, 24.000 BHP) have both been awarded 3 years firm contracts by Chevron
Australia Pty Ltd to support their drilling program off north west coast of
Australia with the new semi submersible rig Atwood Osprey. Chevron also has
options to further charter each of the vessels for a total period of 3 years.
These charters are scheduled to commence in March 2011 and are a significant
continuation to the long term relationship Farstad Shipping has with Chevron in
Australia. The vessels are for the time being trading the spot market in the
North Sea. They are expected to depart the North Sea during January.
PSV Lady Melinda (2003, UT 755, 2.777 DWT) has been awarded a 3 years firm
contract by ConocoPhillips, Australia for their Bayu Undan operations.
ConocoPhillips also has an extension option for a further 2 years.
The charter will commence in late December 2010 in direct continuation of the
current charter.
These new contracts further strengthen and enhance Farstad Shipping's reputation
as the leading vessel provider in Australia. The total value of the three
charters is approximately NOK 1.7 billion including options.
Entering into a very challenging 2011 for the supply vessel industry, these
contracts are important for Farstad Shipping's contract coverage for 2011. The
contract coverage for 2011 (including charterer's options to extend contracts)
is approx 70%.
Contacts:
CEO Karl-Johan Bakken - tel. +47 90 10 56 97
CFO Torstein 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)
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#1474450]
Unternehmensinformation / Kurzprofil:
Datum: 21.12.2010 - 08:28 Uhr
Sprache: Deutsch
News-ID 49926
Anzahl Zeichen: 3130
contact information:
Town:
Ã…lesund
Kategorie:
Business News
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