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.

Peterson SBS has extended the contract for PSV Far Splendour (2003,
P106, 3.503 DWT) for 1 year plus 2 x 1 years options. Start up is 29th
Dec 2009. Petrobras, Brazil, has contracted AHTS Far Sabre (2008, UT
712L, 15.900 BHP) for 240 days. The contract has recently started.
Total value of the contracts is approx. NOK 255 million.

Farstad Shipping’s fleet currently consists of 56 vessels (24 PSV, 29
AHTS and 3 SUBSEA) and 2 AHTS under construction at Norwegian yards.
The company’s operations are run from ?lesund, Aberdeen, Melbourne,
Singapore and Maca? by a total of 1.700 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.

Source: Farstad Shipping

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• Petrobras has awarded a 2-year contract for the AHTS Far Scout

     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

• Ship supply and long-term financing

    “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 announces delivery of ships and charter agreements

    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 Reports 3Q 2009 and 30.09.2009

     Attached please find Report 3Q 2009. ? Farstad Shipping achieved an operating income of NOK 871.9 million for the 3rd quarter. ?The operating profit (EBIT) was NOK 352.6 million.

• Farstad Report 2Q and 1st Half of 2009 accounts

     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

• Farstad: Report 2Q and 1st Half of 2009 accounts

    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 profit (EBIT) was NOK 634.0 million. The profit after taxes was

• Farstad Announces New Charter Agreements

    Farstad Shipping has been awarded the following charter contracts: PSV Lady Grace (2002, UT 755, 3.936 DWT) a further 12 month charter extension has been declared by Woodside from 30 April 2010. AHTS Far Stream (2006, UT 712L, 15.900 BHP) has been extended by Woodside for a period of 1

• Farstad Shipping announces new charter agreements

     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.

• New contract for Farstad

    BRAZILIAN oil company Petrobras has fixed Farstad’s 2001-built, UT 722 L- design AHTS Far Scout on a two-year contract. The Norwegian offshore support specialist says the deal is worth Nkr180m (US$29m). Start-up of the contract will be October 2009. Farstad’s fleet currently comprises of 54 vessels (24 PSV, 29 AHTS and

• Farstad warns of weaker market

    Norwegian offshore support specialist Farstad Shipping has pointed to a weakening market in its latest quarterly report.

• Farstad Shipping shall OSJ

    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

• Farstad be affected by strike

    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

• Farstad Shipping workers in Australia May Strike, says review

    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

• Siem Offshore has taken delivery of the first AHTS vessel Siem Pearl by the Norwegian shipyard

     Siem Offshore has taken delivery of the first AHTS vessel “Siem Pearl” from the Norwegian yard. The vessel is the first of eight similar vessels to be delivered to Siem Offshore from the same yard.  An additional two vessels will be delivered to a partner of

• Farstad Shipping reports fourth quarter of 2009

    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