Farstad Shipping Reports 3Q 2009 and 30.09.2009
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Attached please find Report 3Q 2009.
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Farstad Shipping achieved an operating income of NOK 871.9 million for the 3rd quarter. ?The operating profit (EBIT) was NOK 352.6 million. The profit after taxes was NOK 397.0 million.
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The operating income at 30.09.09 was NOK 2,452.9 million. The operating profit (EBIT) was NOK 986.6 million. The profit after taxes was NOK 1,062.4 million.
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Contacts for further information:
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CEO Karl-Johan Bakken -????? +47 90 10 56 97
CFO Torstein L. Stavseng -?? +47 91 10 70 01
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Farstad Shipping’s fleet currently consists of 56 vessels (29 AHTS, 24 PSV and 3 SUBSEA) and 2 AHTS under construction at Norwegian yard. The company’s operations are run from Aalesund, Aberdeen, Melbourne, Singapore and Maca? by a total of 1700 employees onshore and offshore. The company’s strategy is to be a major international supplier of large, modern offshore service vessels to the oil industry. ?We also remain committed to solid long-term charter profile for the fleet.
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Source: Farstad Shipping
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Attached please find Report 2Q and 1st half year 2009. Farstad Shipping achieved an operating income of NOK 834.9 million for the 2nd quarter. The operating profit (EBIT) was NOK 341.3 million. The profit after taxes was NOK 366.8 million. The operating income at 30.06.09 was NOK 1,581.0 million. The operating
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Farstad Shipping achieved an operating income of NOK 804.7 million for the 4th quarter.? The operating profit (EBIT) was NOK 294.7 million. The profit after taxes was NOK 869.1 million
During the Offshore Support Vessel Conference in London 17 February 2010, organized by the magazine Offshore Support Journal and one of the greater annual events for the industry, Farstad Shipping ASA received the Shipowner of the Year Award. On top of that, Farstad Shipping ASA together with Rolls Royce Marine
Norwegian offshore support specialist Farstad Shipping has pointed to a weakening market in its latest quarterly report.
“Far Shogun” (AHTS UT731CD) has been delivered from STX Norway Offshore AS, Langsten, to Farstad Supply AS, a wholly owned subsidiary of Farstad Shipping ASA.
Farstad Shipping announces the following new charter commitments: Petrobras, Brazil, has contracted PSV Far Supporter (1996, UT 750, 4.680 DWT) for a period of 3 years, with start up during the 1st quarter 2010.
Farstad Shipping has been advised that our Australian vessel operations will be affected by a two day stoppage of work on 17th and 18th November brought on by the Maritime Union of Australia (MUA) which covers ratings and catering staff. The nature of the stoppage will potentially affect 17 of
Petrobras has awarded a 2 year contract to AHTS Far Scout (UT 722 L, 2001, 18.000 bhp) in Brazil. Start-up of the contract will be October 2009. The total value of the contract is approx. NOK 180 million. Contacts: CEO Karl-Johan Bakken – tel. 90 10 56 97 CFO Torstein Stavseng - tel. 91
The platform supply vessel (PSV) “Sical Torino” (VS470 MKII 3,570 DWT) has been delivered to Farstad Shipping Pte Ltd, Singapore, a wholly owned subsidiary of Farstad Shipping ASA. The purchase of the vessel, renamed “Far Swan”, is facilitated by internal financial resources. However, a long-term financing will soon be arranged by Nordea. Woodside
Farstad Shipping ASA workers in Australia agreed to two strikes, the Australian Financial Review reported, citing an interview with Managing Director Joe Homsey. Shipping firms are urging the government to intervene to resolve the dispute, the newspaper said. The Maritime Union of Australia is seeking a 30 percent pay rise
Sembcorp Marine delivered another quarter of continuous growth with an 8% increase in Group attributable profit to $138.1 million from $128.3 million in 2Q 2008. Group turnover registered an 8% increase to $1,497.6 million as compared with $1,386.1 million for the corresponding period in 2008. Group operating profit at $166.7
Marathon Petroleum evacuated some personnel from drilling rig Songa Dee on the Alvheim field in the North Sea as a precautionary measure after a supply boat knocked into it, news agency NTB said. There were no reports of damages to the rig or its crew and the situation was under
Oslo-listed company Jinhui Shipping and Transportation Ltd (OSL:JIN) posted yesterday bigger-than-expected operating profit and revenue of USD 44.7 million (EUR 29.7m) and USD 92.4 million respectively, for the third quarter of 2009. In the corresponding period last year, Jinhui Shipping posted an operating profit of USD 117.8 million and revenue
Varun Shipping announced its first quarter numbers for the financial year 2010. Its net profit declined to Rs 1.8 crore from Rs 21 crore and its net sales stood at Rs 176 crore. Commenting on the company’s performance in the quarter, Yudhishthir Khatau, Vice-Chairman and Managing Director, Varun Shipping, said the
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