Farstad Shipping ASA : Charter Agreement

(Thomson Reuters ONE) -


 Farstad Shipping has been awarded the following charter contract:

AHTS Far Senior (1998, UT 722L, 18.900 BHP) has been contracted by Petrobras in
Brazil for a 4 year period. Petrobras has the option to extend the contract with
an additional 4 years. The contract includes both anchor handling- and ROV
services. A third party has been contracted for delivery of the ROV services.
The vessel will be technically upgraded before the start-up of the contract,
which is expected to take place during the first quarter of 2012.

The contract, excluding options, represent a gross revenue of approximately NOK
520  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 57 vessels (32 AHTS, 22 PSV and
3 SUBSEA) and 6 PSV and 2 AHTS under construction. The company's operations are
managed from Aalesund, Aberdeen, Melbourne, Perth, Singapore, Macaé and Rio de
Janeiro with a total of 1970 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 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#1563892]

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Bereitgestellt von Benutzer: hugin
Datum: 15.11.2011 - 10:33 Uhr
Sprache: Deutsch
News-ID 87785
Anzahl Zeichen: 2130

contact information:
Town:

Ã…lesund

Kategorie:

Business News

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