Farstad Shipping ASA : Farstad Shipping ASA - Charter Agreements Charter contract update: Farstad Shipping ASA has been awarded a new four month contract with four monthly options by Statoil for the PSV Far Solitaire (2012, UT 754 WP, 5,800 DWT). Commencement of this contract will be in direct continuation of the existing contract. Statoil has declared their one year option to extend the contracts for the PSV Far Seeker (2008, UT 751 E, 4,905 DWT) and the PSV Far Searcher (2008, UT 751 E, 4,992 DWT). Peterson SBS Den Helder B.V. has awarded the PSV Far Splendour (2003, P 106, 3,503 DWT) a one year contract with two yearly options. GDF Suez E&P UK Ltd. has awarded the PSV Far Superior (1990, 705 L, 3,796 DWT) and the PSV Far Server (2010, Havyard 862 CD, 4,000 DWT) a three month contract. The contract includes a four week option for the PSV Far Server. In Brazil, Petrobras has declared their two months option for the PSV Far Supporter (1996, UT 750, 4,680 DWT). Karoon Petroleo & Gas Ltda. in Brazil has extended the contract for the PSV Far Swift (2003, UT 755 L, 3,084 DWT) with another 60 days. Oil Search in Australia has awarded contracts for the AHTS Far Fosna (1993, UT 722, 14,400 BHP) and the AHTS Lady Sandra (1998, KMAR 404, 15,014 BHP). The duration of the contracts is approx. three months with a further three month option. Total value of the contracts, excluding options, is approx. NOK 225 mill. Contacts: CEO Karl-Johan Bakken - tel. +47901 05 697 CFO Torstein Stavseng - tel. +47911 07 001 Farstad Shipping's fleet currently consists of 57 vessels (28 AHTS, 26 PSV and 3 SUBSEA) and 3 PSV, 4 AHTS and 1 SUBSEA under construction. The company's operations are managed from Aalesund, Aberdeen, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro with a total of 2080 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#1686988
Farstad Shipping ASA : Farstad Shipping ASA - Charter Agreements
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