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2008 August 19   05:46

Norway's Farstad Shipping ASA signs vessel charter agreements for NOK293m

Farstad Shipping has achieved a 3 year contract (plus 3 x 1 month options) with Marathon Norway for the platform supply vessel Far Service (UT 745, 1995, 4.680 DWT). Start up of the contract is August in direct continuation of the existing employment. Peterson SBS Den Helder BV has declared the first one year option on the platform supply vessel Far Splendour (P 106, 2003, 3503 DWT) commencing in direct continuation to the current contract end of December. Coogee in Australia has extended the charter agreement for the anchorhandling tug supply vessels Lady Valisia ( ME 303, 1983, 12.240 BHP) and Lady Gerda (Hart Fenton, 1987, 8.660 BHP) for a period of 10 months from 1st Oktober and 1st Desember respectively..
Total contract value is approx. NOK 293 mill.

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