Farstad places building contracts for PSVs

02 Dec 2010
Artist impression of the STX PSV 08 CD design ordered by Farstad

Artist impression of the STX PSV 08 CD design ordered by Farstad

Farstad Shipping ASA in Ålesund, Norway has, through its wholly owned subsidiaries in Singapore, Scotland and Norway reached an agreement with STX OSV to build four platform supply vessels (PSV).

There is an option for building of additional three vessels. The newbuilds are part of Farstad’s fleet renewal and represent an investment of approx. NOK 1.35 billion ($223 million), excluding options. Delivery of the vessels will take place in 2012 and 2013.

The vessels ordered are of two different designs. Three of the vessels will be of STX PSV 08 CD design, of which two will be built at STX yard in Vietnam and one at STX yard in Tomrefjord (Langsten). These vessels are built for Farstad Shipping's foreign subsidiaries. PSV 08 CD is a newly developed, medium sized, diesel electric PSV with deck area approx. 800m2.

In addition, one large PSV (deck area approx. 1,000m2) will be based on the UT 754 WP design. This is a new PSV concept developed in close cooperation between Rolls-Royce Marine and Farstad Shipping. Delivery and building of this vessel will be managed by STX yard in Tomrefjord (Langsten).

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