Charter Agreements

Charter Agreements

ID: 50492

(Thomson Reuters ONE) -


Farstad Shipping ASA has, on behalf of wholly owned subsidiaries, been awarded
the following charter contracts:


PSV Far Symphony (2003, P105, 4.929 DWT) has been awarded a six (6) years firm
contract by ConocoPhillips Skandinavia AS for support of their operation in the
North Sea. Commencement of the contract is April 2011, and additional option
periods are included in the contract.

ConocoPhillips has also contracted PSV Far Server (2010, Havyard 832CD, 4.000
DWT) for a period of one (1) year, for support of their North Sea operation.
Start-up of the contract is February 2011, and there are also additional option
periods included.

The charters are entered into on market terms for similar vessels and charter
periods. It has been agreed with ConocoPhillips to keep the commercial terms of
the contracts P & C.


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#1480105]


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Bereitgestellt von Benutzer: hugin
Datum: 17.01.2011 - 09:37 Uhr
Sprache: Deutsch
News-ID 50492
Anzahl Zeichen: 2351

contact information:
Town:

Ã…lesund



Kategorie:

Business News



Diese Pressemitteilung wurde bisher 221 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"Charter Agreements"
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).

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