Farstad's Lady Cynthia to Stay in Vietnam

Farstad Shipping ASA has been awarded a further 1 year + 1 year option contract by JVPC for the AHTS vessel Lady Cynthia (HF270 design, 9,400bhp) to continue in Vietnam in support of their long-term drilling program. The vessel has been with JVPC almost continuously since 1995.

In addition, Farstad reported that the contract for Far Sleipner (PSV, ME202) has been extended by Petrobras in Brazil for an additional 2 years from the expiry date of the old contract in May 2007. The vessel has been working with Petrobras since 1998.

The value of the contracts will fall in the range of USD 20 - 26 million, depending on options.

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