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    Farstad wins new contract

    Contracts, Tenders and Rates // July 27, 2001
    Farstad Shipping's subsidiary Farstad Supply AS has reached an agreement with ASCO plc in Aberdeen to extend the existing contracts of the PSVs Far Supporter (UT 745, built 1996), Far Service (UT 745, built 1995) and Far Server (UT 705, built 1991) for afurther two years.

    Farstad has also received a Letter of Intent from Norsk Hydro for a 20 month (plus 5 x 1 year options) charter for the UT 722 newbuild TBN Far Scout, which will be delivered by Langsten shipyard in Norway in October. The vessel is a 18,000bhp anchor handling supply vessel.

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