Farstad Shipping wins host of new contracts

Norway’s Farstad Shipping has announced a host of new contracts wins.

Fairfield Betula has fixed 2003-built platform supply vessel Far Symphony for one year to support its operations on the UK shelf. The contract, which includes a 6 months extension option, is schedule to commence April 2017.

PSV pair Far Server and Far Serenade have come out of layup for a three and a half month contract with an unnamed international operator to support a field development project offshore Egypt. The contract commences February 2017 and includes a 30 days extension option.

Another PSV, 2013-built Far Sterling has been awarded a one-month contract by Petro Services, for end client Total, to support a “ready for operation” campaign in Congo commencing February 2017.

Additionally, 2013-built PSV Far Spica has been awarded a 4-month extension from its current charterer where the vessel has been employed since August 2015. The extension commences in continuation of the current contract from March 1, and the charterer has three additional one-month options available.

The 2014-built AHTS Far Sigma has been awarded a one well contract from Lundin Norway, commencing February 2017, to support their drilling program with Island Innovator on the Norwegian Continental Shelf.

“The above contracts show Farstad Shipping’s ability to efficiently and safely return vessels from lay-up and put them into operation. I am satisfied to see that the Farstad organization, both on- and offshore, has the ability to adapt to a challenging market and that our strategy to retain core competency in the company through the downturn pays off,” said Karl-Johan Bakken, CEO of Farstad Shipping.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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