Charter Agreements

Charter Agreements

ID: 54416

(Thomson Reuters ONE) -


Farstad Shipping has been awarded the following charter contracts:


AHTS Far Sound (2007, UT 712L, 16.000 BHP), AHTS Far Sword (2006, UT
712L, 16.000 BHP) and AHTS Far Scimitar (2008, UT 712L, 16.000 BHP) have been
contracted by Hess to support their drilling program in Australia for at least
10 months commencing in May.

In the North Sea PSV Far Service (1995, UT 745, 4.680 DWT) has been awarded a
24 months firm contract by BP commencing in July with 2x6 month options. PSV Far
Superior (1990, UT 705L, 3.796 DWT) will act as a frontrunner until Far Service
has finished its existing contract during 4(th) Quarter 2011.

For PSV Far Star (1999, UT 745, 4.403 DWT) Statoil has declared their option to
extend the contract for further 12 months.

Total value of the contracts, including options, is approximately NOK 415 mill.

Contacts:
CEO Karl-Johan Bakken - tel. +47 901 05 697
CFO Torstein Stavseng -   tel. +47 911 07 001




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 1900 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 pursuant to section
5-12 of the 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#1513686]


Weitere Infos zu dieser Pressemeldung:
Unternehmensinformation / Kurzprofil:
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Bereitgestellt von Benutzer: hugin
Datum: 09.05.2011 - 13:39 Uhr
Sprache: Deutsch
News-ID 54416
Anzahl Zeichen: 2363

contact information:
Town:

Ã…lesund



Kategorie:

Business News



Diese Pressemitteilung wurde bisher 142 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).

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 ...

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