Aker to Build PSV for Farstad Shipping

Farstad Shipping ASA, through its subsidiary Farstad Supply AS, has signed a contract with Aker Yards to build a UT 751 E platform supply vessel. The hull for the PSV will be built in Romania and outfitting yard will be Aker Yards Brevik. Delivery of the vessel is scheduled for July 2007. The vessel will upon delivery enter into the long term contract that was recently awarded by Norsk Hyrdo