Farstad Shipping Extends Charters for StatoilHydro, Team Marine

Farstad Shipping has announced extension of the following charter commitments:

  • StatoilHydro has exercised 12 months option in direct continuation of their current charter of the PSV Far Symphony (Ulstein P105, 2003, 4.929 dwt).
  • Team Marine has declared their options to charter the PSV Far Supplier (VS 483, 1999, 4.605 dwt) and PSV Far Superior (UT 705L, 1990, 3.796 dwt) for one year in direct continuation of their current charters.

Start-up of the extensions is January 2009. The new charters are on approximately the same charter rate level as today's contracts, and total value of the contracts is approx. NOK 100 million.