Solstad Farstad secures CSV contract extension

Solstad Farstad secures CSV contract extension

Norway’s Solstad Farstad has secured a contract extension from Blue Marine for its construction support vessel Far Sentinel.

The extension will see the 2015-built vessel work with Blue Marine for operations in the Gulf of Mexico for another 18 months to June 2020, after the original contract expires in November 2018.

The contract has added an early cancellation clause which is not exercisable before November 2018 and includes a significant termination fee.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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