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Farstad Shipping ASA's Subsidiary Signs Contract for Subsea/IMR Vessel


Thursday, 14 Feb 2013 09:49am EST 

Farstad Shipping ASA announced that it has, through its wholly owned subsidiary Farstad Supply AS, reached an agreement with STX OSV AS to build one subsea/IMR vessel. This new building is part of Farstad Shipping's expansion into the subsea market and represents an investment of approximately NOK 825 million. The delivery of the vessel will take place during the first quarter of 2015. The vessel is a STX OSV OSCV 07 design (Offshore Subsea Construction Vessel), and is designed for subsea and IMR operations (Inspection, Maintenance and Repair). The vessel has a total length of 143 meters, beam of 25 meters and a deck area of more than 1,800 square meters. The vessel is equipped with two offshore cranes, of which the larger one has a lifting capacity of 250 tons. Furthermore the vessel is arranged for 3 ROV (Remote Operating Vehicles) and has an accommodation arranged for 130 persons. The steel hull of the vessel will be built by STX OSV yard in Tulcea, Romania and outfitting will take place at STX OSV yard in Tomrefjord (Langsten). 

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