Farstad Awarded Charter Contract

Friday, February 14, 2003
Farstad Shipping ASA, through its wholly owned subsidiary Farstad Supply AS, had been awarded a five year charter contract by Peterson Supplylink B.V. Peterson is a provider for 7 Dutch operators. The contract, starting between January 1 and March 31, 2004, demanded building of a new platform supply vessel (PSV). It is now decided that the vessel will be built at Ulstein Verft AS for delivery on the 22nd of December 2003. The vessel is a newly developed Ulstein-design, P 106. The vessel, will have dieselelectric propulsion system and will have a length of 74 meters and a beam of 16 meters.

Contracts

BP, ExxonMobil, ConocoPhillips 'Quit' Alaska LNG Project

BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development.

C-Job Designs Flettner Freighter for Switijnk

The Dutch shipping company family Switijnk has contracted C-Job Naval Architects to develop a Rotor Sail-equipped design to meet their specific loading and sailing profile.

Yangzijiang Shipbuilding to Slash 2,000 More Jobs

Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd said it plans to cut 2,000 additional jobs, just under 10 percent of its current workforce, stepping up

 
 
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