Key Developments: Farstad Shipping ASA (FAR.OL)

FAR.OL on Oslo Stock Exchange

85.25NOK
17 Sep 2014
Price Change (% chg)

kr-1.75 (-2.01%)
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kr87.00
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Latest Key Developments (Source: Significant Developments)

Farstad Shipping ASA awarded charter contract in Brazil-DJ
Tuesday, 26 Aug 2014 09:07am EDT 

Farstad Shipping ASA:Farstad Shipping ASA has been awarded a charter contract in Brazil-DJ.Petrobras has awarded the AHTS BOS Topazio (2005, UT 728 L, 12.240 BHP) a four year contract with an option period for up to four years.Commencement of the new contract is Aug. 2014.  Full Article

Farstad Shipping ASA receives charter agreements for about NOK 1.75 bln
Thursday, 24 Jul 2014 04:00am EDT 

Farstad Shipping ASA:Says total value of the contracts, excluding options, is about 1.75 billion Norwegian crowns.Says Inpex has awarded contracts to AHTS Far Sword and AHTS Far Stream.Says commencement is expected to take place in Nov. 2014.Duration of the contracts will be about 40 months, with further up to 24 months options.PSV Far Seeker has been awarded a contract by Inpex with commencement expected to be in Nov. 2014.Says contract is for a firm duration of 18 month with further up to 24 months options.Says Woodside Energy Ltd. has awarded AHTS Far Sirius a 16 month contract.Esso Australia has awarded the PSV Far Supplier a two year contract, with further 3 years options.Says AHTS Lady Caroline has been awarded a 60 days contract by Sinopec for the support of the Stena Clyde.Says Statoil has awarded a contract to PSV Far Scotsman.AHTS Far Sabre and AHTS Far Sound awarded contracts by Eni Australia Ltd. for 110 days with additional 35 days options.Petrobras extended contract on AHTS Far Santana with another 4 year in direct continuation with present contract.Says Karoon Petroleo & Gas Ltda has awarded a 5 months contract with a further 4 x 30 days option to AHTS Far Senator.  Full Article

Farstad Shipping announces charters worth NOK 525 mln
Tuesday, 22 Apr 2014 07:30am EDT 

Farstad Shipping ASA:Receives new contracts worth in total about 525 million Norwegian crowns.PSV Far Spica has been awarded a four month contract by Total E&P South Africa.PSV Far Swift has been awarded a two-year contract with option by Petrobras.AHTS Far Sea has been awarded a two-month contract including options by Van Oord Servixcs de Operacoes Maritimas Ltda in Brazil.AHTS Far Fosna and AHTS Far Grip have been awarded contracts by Oil Field Services/Gazprom in Sakhalin.PSV Far Skimmer and PSV Far Sitella have been awarded contract extensions by Shell Australia.PSV Far Spirit has been awarded a one year contract by Chevron.AHTS Lady Astrid and AHTS Lady Sandra have been awarded a one-month contract by Sinopec Limited.  Full Article

Farstad Shipping announces delivery of AHTS Far Sirius
Thursday, 3 Apr 2014 07:27am EDT 

Farstad Shipping ASA:Says AHTS Far Sirius has been delivered from Vard Langsten to Farstad Supply AS, a wholly owned subsidiary of Farstad Shipping ASA.The vessel will trade the spot market in the North Sea.Says the long-term financing of the vessel is arranged by Eksportkreditt Norge AS in cooperation with GIEK and Sparebank 1 SMN.  Full Article

Farstad Shipping proposes FY 2013 dividend of NOK 3 per share
Wednesday, 26 Feb 2014 10:04am EST 

Farstad Shipping ASA:Proposes to pay dividend of 3.00 Norwegian crowns per share for FY 2013.Paid the same dividend of 3.00 Norwegian crowns per share for FY 2012.  Full Article

Farstad Shipping announces charter agreements worth NOK 775 mln
Wednesday, 19 Feb 2014 09:32am EST 

Farstad Shipping ASA:Says Chevron Australia has declared their option to extend the contract for the AHTS Far Saracen and the AHTS Far Shogun for another 38 months.Says total value of the contracts is about 775 million Norwegian crowns.  Full Article

Farstad Shipping announces new contracts worth NOK 630 mln
Friday, 14 Feb 2014 05:29am EST 

Farstad Shipping ASA:Says has been awarded a number of contracts worth in total about 630 million Norwegian crowns (excluding options).Statoil, Saipem, Peterson Den Helder B.V. and Woodside declare options for PSV Far Serenade, CSV Far Samson, PSV Far Splendour and PSV Lady Grace, respectively.ConocoPhillips extends contract for the PSV Lady Melinda.PSV Far Starling gets 18-month firm contract by Woodside, with a further option of 3 x 6 months.Exxon Mobil declare option PSV Far Swan.Hunt Oil has awarded contracts to three vessels for the approximate duration of 45 days with a further option of approximate 45 days.After finalizing of the Hunt Oil contracts Lady Astrid and the Lady Sandra will commence new contracts with PTTEP.  Full Article

Farstad Shipping announces vessel delivery
Monday, 10 Feb 2014 07:44am EST 

Farstad Shipping ASA:Says Far Sigma (UT 731 CD) has been delivered from Vard Langsten to Farstad Supply AS, a wholly owned subsidiary of the company.Says the vessel will trade the spot market in the North Sea.Says the long term finance of the vessel is arranged by Eksportkreditt Norge AS in cooperation with GIEK and Nordea Bank Norge ASA.  Full Article

Farstad Shipping announces sale of vessel
Friday, 7 Feb 2014 07:22am EST 

Farstad Shipping ASA:Says has through its subsidiary, Farstad Supply AS, sold PSV Far Grimshader.Says delivery of the vessel to the new owner took place on Feb. 7.Says sale of the vessel will give a booked profit of about 15 million Norwegian crowns in Q1.  Full Article

Farstad Shipping ASA Receives Charter Contracts from Petrobras
Tuesday, 29 Oct 2013 07:14am EDT 

Farstad Shipping ASA announced that Petrobras has awarded the IMR vessel Far Saga (2001, UT 745 L) a six-year contract with six-years options. The contract includes ROV support and other subsea related activities in Brazilian waters. Far Saga will leave the North Sea during December 2013. Before leaving, the vessel will be upgraded with a new and larger crane. Petrobras has also extended the contract for the AHTS Far Sea (1991, ME 303 II, 13,200 BHP) with a further four year, commencing November 2013. Total value of the contracts, excluding options, is approximately NOK 1.1 billion.  Full Article

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