Charter Sealed for Newbuild Subsea Vessel
Tuesday 3 November 2015
Farstad Shipping ASA has been awarded a 3 year contract with further up to 3 years options for CSV Far Sentinel (2015, VARD 3 07, 9.200 DWT) by Subtec S.A. de C.V. for delivery of light construction work, IMR and other subsea related activities in the Gulf of Mexico.
"This is an important and significant contract for Farstad Shipping. It proves that even in a very challenging market, Farstad are able to conclude long-term contracts for our vessels. This contract secures valuable competence and activity for our employees," said CEO Karl-Johan Bakken.
"By this, we have now signed important contracts for both our subsea new buildings delivered in 2015. We hereby confirm Farstad Shipping's strong position into the subsea market, which is vital for us in the time ahead." Bakken concluded.
Commencement of the contract will be within December 2015. The commercial terms of the Agreement was kept private and confidential between the parties.