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    Farstad wins five-year deal with Petersons; to order newbuild

    Contracts, Tenders and Rates // January 31, 2003
    Farstad Shipping's wholly owned subsidiary Farstad Supply AS been awarded a five year charter contract for a PSV by Peterson Supplylink BV, which is the logistics provider for seven Dutch operators - BP Nederland Energie BV, Gaz de France Production Nederland, ENI - Lasmo Nederland, Nederlandse Aardolie Maatschappij, TotalFinaElf Nederland, and Unocal Netherlands in the Southern North Sea Pool (SNS Pool). The agreement includes options to extend the contract for another five years.

    Farstad will supply a 74m newbuild for the charter. The contract will come into effect between 1st January and 31st March 2004.

    The shipyard which will build the vessels had not been identified at the time of writing.

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