Farstad Shipping achieved for the first three months of 2001 an operating income of $38.4 million. The result before taxes was $16.8 million Farstad Shipping obtaines estimates for the market value of the vessels twice each year, by half-year and the year-end. NOK 83.98 ( NOK 65.59). March. The vessel has after delivery traded the spot market in the North Sea. delivered by Brevik Construction AS to IOS in March. The vessel departed for Australia to enter a 7 year contract with the oil company Woodside. In March Far Scotsman left the North Sea for Australia where the vessel started a two year contract with Phillips Petroleum Pty. Scotsman has during this charter been chartered into IOS from Farstad on a bareboat contract. Sea for Brazil.