Farstad Shipping ASA announces contract for newbuildings

Monday, Apr 02, 2012

Farstad Shipping ASA has, through its wholly owned subsidiary Farstad Supply AS, reached an agreement with STX OSV AS to build two Anchor Handling / Offshore Service vessels (AHTS) of the type UT 731 CD. Contract value is approx. NOK 1.2 billion.

The vessels are designed by Rolls Royce Marine with a total length of 87.4 meters and breadth of 21.0 meters. Bollard pull will be approx. 260 tons and installed power is approx.  24 000 BHP. The vessels will be built according to DNV's strictest environmental class - "Clean Design" - and will be arranged for safe and efficient deepwater operations. These newbuilds are of the same design as Langsten previously delivered four of to Farstad during 2009-2010. A further two of this type are currently under construction at the same yard for delivery in 2013.

The steel hulls will be built in Romania and outfitting yard will be STX OSV Langsten in Tomrefjord. Delivery of the vessels will take place during first quarter 2014.

These newbuilds are part of Farstad Shipping's fleet renewal and focus on the segment for deepwater activities.

With this latest order Farstad will have four AHTS and six PSV vessels under construction at a contract value of NOK 4.4 billion

Source: Farstad Shipping ASA