Solstad Farstad Sells 22-year-old PSV
Farstad Marine AS, a wholly owned subsidiary of Solstad Farstad ASA, said it has sold the 1995-built platform supply vessel (PSV) Far Service. The 4,683 DWT vessel was delivered to its new owner October 3, 2017. Solstad Farstad said the sale will result in an immaterial accounting effect for Q4 2017.
Farstad Shipping Awarded Charter Contracts
AHTS Far Sound (2007, UT 712L, 16.000 BHP), AHTS Far Sword (2006, UT 712L, 16.000 BHP) and AHTS Far Scimitar (2008, UT 712L, 16.000 BHP) have been contracted by Hess to support their drilling program in Australia for at least 10 months commencing in May. In the North Sea PSV Far Service (1995, UT 745, 4.680 DWT) has been awarded a 24 months firm contract by BP commencing in July with 2x6 month options. PSV Far Superior (1990, UT 705L, 3.796 DWT) will act as a frontrunner until Far Service has finished its existing contract during 4th Quarter 2011.
A&P Tees Goes from Strength to Strength
A&P Group’s Teesside facility, located near Middlesborough, has made a successful start since re-opening for business earlier this year, success in both use of the shipyard and offering users of the River Tees, and surrounding areas, an effective and efficient ‘Shipcare’ service. The first vessel drydocked at the shipyard was the 3,086 dwt dredger Heortnesse, which is owned by Tees & Hartlepool Port Authority. This vessel underwent thruster repairs. The largest contract since then has been a two week drydocking of Farstad Shipping’s 4,680 dwt offshore supply vessel Far Service, which was in for a two week drydocking operation during late July/early August. Other drydocking contracts have included dredgers and tugs operating in the Tees region.
