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Farstad Shipping bags charter contracts for 13 OSVs

Farstad Shipping bags charter contracts for 13 OSVs
Norway's Farstad Shipping has clinched charter contracts worth a total of NOK525m ($87.76m) comprising of 13 offshore support vessels (OSVs).

The a mix of platform supply vessels (PSVs) and anchor handling tug supply (AHTS) vessels have been contracted by oil companies to work for between one month to two years.

The OSVs will be deployed to various countries including Brazil, Russia and Australia.

Farstad Shipping's fleet currently consists of 60 vessels (32 AHTS vessels, 25 PSVs and 3 subsea vessels). It also has a pair of PSVs and two subsea vessels under construction.