Farstad Shipping Company News

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Norwegian Firms to Create Offshore Oil Industry Supply Vessels Giant
Monday, February 06, 2017Hit by the oil industry recession, Norwegian offshore service vessel (OSV) operators Farstad Shipping, Deep Sea Supply and Solstad Offshore announce plans to merge to counter the downturn.

Farstad Shipping Sells AHTS Lady Sandra
Tuesday, September 27, 2016Norway's Farstad Shipping sells anchor handling tug supply (AHTS) vessel Lay Sandra.

Farstad Consolidates Australian Ops in Perth, Cuts 35 Jobs
Wednesday, September 21, 2016Norway's Farstad Shipping consolidates Australian operations in Perth, leading to a loss of 35 jobs.

Farstad Sells PSV Lady Grete for $7.3M
Wednesday, March 02, 2016Norway's Farstad Shipping sells a platform supply vessel PSV Lady Grete for $7.3 million.

Farstad Clinches 3 Year Deal from Subtec for Subsea Vessel to Work in GOM
Thursday, November 05, 2015Farstad Shipping clinches a three year contract from Subtec for subsea vessel CSV Far Sentinel to work in the Gulf of Mexico.

Farstad Shipping to Lay up Vessels, Reduce Staff
Friday, October 02, 2015Farstad Shipping ASA is planning to lay up 2 platform supply vessels and 3 anchor handling tug supply vessels in Norway, which will result in approximately 100 layoffs.

Farstad Receives $282M Charter Contracts to Supply AHTS, PSVs
Friday, July 25, 2014Farstad Shipping receives $282 million in charter contracts to supply anchor handling tug supply and platform supply vessels.

Farstad Shipping Bags $88M Charter Contracts for Work Globally
Friday, April 25, 2014Farstad Shipping bags $87.57 million charter contracts to provide offshore supply vessels for work in several regions, including Asia.

Farstad Wins AHTS Deals for Asia Pacific Jobs
Tuesday, August 06, 2013Farstad Shipping bags several charter contracts for its anchor handling tug supply vessels to work in the Asia Pacific region.

Farstad Shipping to Build 2 New Vessels
Wednesday, June 22, 2011Farstad Shipping has reached an agreement with STX OSV AS to build 2 Anchor Handling / Offshore Service vessels (AHTS) of the type UT 731 CD.

Farstad Shipping Snags 6 Contract Renewals from Woodside
Friday, June 10, 2011Farstad Shipping has been awarded six charter contract renewals by Woodside.

Farstad Shipping Orders 2 Platform Supply Vessels
Friday, May 20, 2011Farstad Sipping has declared their options for building 2 platform supply vessels (PSV) at STX OSV.

Farstad Clinches 3 Charter Contracts
Tuesday, December 21, 2010Farstad Shipping has been awarded three charter contracts worth approximately NOK 1.7B ($251MM).

Farstad Sells Supply Vessel
Thursday, May 13, 2010Farstad Supply has sold the platform supply vessel Far Viscount.

Supply Ship Strikes Songa Dee in North Sea
Tuesday, January 19, 2010On location at Alvheim, the Songa Dee semisub was struck by a supply boat on Monday evening. Field operator Marathon confirmed that neither the rig nor its crew suffered any damages from the incident.

Australia Oil, Gas Sector Braces for Strike Action
Friday, November 13, 2009Australia's oil and gas sector is bracing for industrial action against shipping companies servicing its offshore drill and production sites that could quickly cost the sector tens of millions of dollars.

Farstad to Purchase Platform Supply Vessel
Friday, September 04, 2009Farstad Shipping has entered into an agreement to buy the platform supply vessel Sical Torino.

Farstad Shipping Snags Contract for AHTS Far Scout in Brazil
Tuesday, August 18, 2009Farstad Shipping has secured a two-year contract from Petrobras for the AHTS Far Scout in Brazil, with start up slated for October.

Farstad Shipping Snags New Charter Commitments for PSVs
Monday, February 09, 2009Esso Australia has awarded a further 5 year contract for two PSV to service their operations in Bass Strait commencing in May.

Petrobras Awards 4-Year Contract for AHTS Far Sea
Tuesday, January 06, 2009Petrobras awarded Farstad Shipping a four-year contract for use of the AHTS Far Sea in Brazil.

Songa Venus Start-Up Operations at Zeus-1 Delayed by Developing Cyclone
Tuesday, December 16, 2008MEO has been advised that the Songa Venus drilling rig activities have been interrupted by the development of a tropical low in the region.

Farstad Shipping Extends Charters for StatoilHydro, Team Marine
Monday, December 01, 2008Farstad Shipping has announced the extension of StatoilHydro's charter of the PSV Far Symphony and Team Marine's charter of the PSV Far Supplier and PSV Far Superior.

ConocoPhillips Charters AHTS Lady Sandra for Australian Drilling Program
Monday, November 24, 2008ConocoPhillips awarded the AHTS Lady Sandra a charter to support the company's drilling program in Australia with the semisubmersible rig Sedco 703.

Farstad Nabs New Charter Commitments in Brazil, Australia
Monday, October 13, 2008Farstad Shipping announced new charter commitments in the range of NOK 380-665 million depending on options with BG E&P Brasil and Hess Australia.

Farstad's Platform Supply Vessels Reel in New Commitments
Monday, August 18, 2008Farstad Shipping has achieved a 3-year contract with Marathon Norway for the platform supply vessel Far Service. Start up of the contract is August. Peterson has also declared the first one year option on the vessel Far Splendour.

Farstad's Subsidiary Sells Tug Supply Vessel for $17MM
Monday, August 04, 2008P/R International Offshore Services reached an agreement to sell the anchor-handling tug supply vessel to European Venture III AS for US $17 million, with delivery slated for mid-August.

FAR Cinches New Charter Committments in Austral-Asia
Friday, July 18, 2008Farstad Shipping announced new charter commitments that range from NOK 330 to 420 million, and include Eni and ADA's charters for the vessels Far Sound and Far Sword and vessels Lady Astrid and Lady Caroline, respectively.

Farstad Reels in 3 New Vessel Charters for NOK 540MM
Friday, June 20, 2008Farstad Shipping announced new charter commitments with Apache and Woodside that equal NOK540 million.

Farstad Shipping Lands LOI for Platform Supply Vessel
Tuesday, March 11, 2008The contract is for a firm period of 5 years with charterer's option to extend the contract with 4 x 1 year options.

Farstad Shipping Sells Lady Margaret AHTS
Wednesday, August 22, 2007P/R International Offshore Services ANS, a wholly owned company of Farstad Shipping ASA, has reached an agreement to sell the AHTS Lady Margaret.

Farstad Awarded Extension on Charter Agreement
Wednesday, August 15, 2007AHTS Far Santana (UT730, 19.200 bhp) has been awarded extension of the contract with Petrobras, Brazil, for 2 years from October 2007.

Farstad in Several New Charter Deals
Wednesday, July 18, 2007Farstad Shipping has entered several new charter commitments amounting to between Norwegian Kroner 530 and 710 million.

Farstad's Lady Cynthia to Stay in Vietnam
Monday, May 21, 2007Farstad 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.

Farstad Announces Recent Charters
Monday, January 15, 2007Farstad Shipping ASA recently secured the following charters:

Aker Yards to Build Four AHTS Vessels for Farstad Shipping
Thursday, October 26, 2006Aker Yards has entered into a contract with Farstad Shipping ASA for building of four AHTS Vessels with a value of approx NOK 2.1 billion.

Aker Yards to Build Construction Vessel for Farstad
Tuesday, June 27, 2006Aker Yards has entered into a contract with Farstad Shipping ASA for the building of one Construction Vessel with a value of approx NOK 850 million.

Aker to Build Supply Vessels for Farstad
Monday, March 27, 2006Aker Yards has signed a contract with Farstad Supply to deliver one UT 751 E platform supply vessel and one UT 712 L anchor handling tug supply vessel.

Norsk Hydro Enters Agreements for Three Supply Boats
Tuesday, December 20, 2005Hydro has entered into agreements with shipping companies DOF, Havila and Farstad, to lease three supply ships to join Hydro's supply services in the Norwegian offshore sector.

Farstad Appoints Bakken as New Managing Director
Friday, November 11, 2005The Board of Farstad Shipping ASA has appointed Karl-Johan Bakken as new managing director in Farstad Shipping ASA.

Farstad Shipping Wins Support Contract from Shell
Wednesday, October 19, 2005Farstad Shipping has been awarded a 14 month contract by Shell Sarawak Berhad for the AHTS vessel Lady Sandra.

Aker Yards to Build AHTS for Farstad
Monday, February 21, 2005Aker Yards is to build a Multifunctional, Anchor/Handling/Tug/Supply Service Vessel, of the type UT-712 L to Farstad Supply AS in Alesund, Norway. The value of the contract is approximately NOK 250 million.

Aker Yards to Build Multifunctional AHTS
Monday, January 17, 2005Aker Yards ASA is to deliver a 1 off UT 712L Multifunctional Anchor Handling Tug Supply Service Vessel to Farstad Supply AS in Alesund, Norway.

Norsk Hydro Signs New Agreement for Three Supply Vessels
Thursday, December 02, 2004Hydro has signed a letter of intent with Farstad Shipping on the use of three supply vessels for Hydro's operations on the Norwegian continental shelf. This will involve building two new vessels.

Farstad Shipping Purchases P&O's Offshore Service Unit
Friday, May 23, 2003Farstad Shipping has signed a Memorandum of Understanding with P&O for the purchase of P&O's 50% share in P/R International Offshore Services ANS (IOS) and P&O's offshore supply management services in Melbourne.