Farstad Shipping ASA : Charter Agreements

Shell Brasil has awarded a 6 month contract with a two month option to the AHTS Far Senator (2013, UT 731 CD, 24,000 BHP) to support Shell's drilling campaign in Brazil. AHTS Far Senator will leave the North Sea during October 2013.
Total E&P do Brasil has awarded the PSV Far Swift (2003, UT 755 L, 3,084 DWT) a 6 month contract to support their drilling campaign in Brazil. The vessel is currently trading in Brazil, and commencement of the new contract is expected to take place during November 2013.
Petrobras has declared their 5 month option to extend the contract for the AHTS Far Sailor (1997, UT 722, 16,800 BHP) commencing October 2013.
Total value of the contracts, excluding options, is approx. NOK 150 mill.  
Farstad Shipping's fleet currently consists of 59 vessels (30 AHTS, 26 PSV and 3 SUBSEA) and 2 PSV, 2 AHTS and 2 SUBSEA under construction. The company's operations are managed from Aalesund, Aberdeen, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro with a total of 2100 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.
Source: Farstad Shipping