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    Farstad far from sad, quips broker

    Contracts, Tenders and Rates // July 18, 2003
    Seabrokers reports that Farstad Supply has secured a charter for two of its UT755 PSVs.

    The long term charters, each of 3.3 years, are for Far Scotia and Far Swift, which were charteredby Arrendadora Ocean Mexicana SA to carry out maintenance work (ultimately for Pemex).

    The vessels will be starting work in August and September 2003.

    It is understood that extra accommodation and equipment will be installed prior to the start of thecharter.

    Newbuild Far Swift (UT755L) will deliver from yard in Brevik in early July, while the Far Scotia will redeliver from its current long-term charter from ASCO in the second half of July. The value of the contract is estimated to be NOK 225m.

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