Farstad Shipping wins $101MM in charter contracts from Woodside, Apache

Farstad Shipping has been awarded a number of charter contracts from Woodside for transport in Australian waters, as well as another contract from Apache in the North Sea. In total, the additional contracts and options will bring in US $101.5 million (NOK 600 million). 

Woodside extended its charter on the PSV Lady Grace (2002, UT 755, 3.936 DWT) by 12 months, starting April 30, 2010. 

Also, the Australian producer extended its charter of the AHTS Far Stream (2006, UT 712L, 15.900 BHP) for a period of 1 year (plus two 1-year options) with start up April 20, 2010. 

The contract on the AHTS Far Strait (2006, UT 712L, 15.900 BHP) has been extended by Woodside for a period of 4 months firm from April 20 with four 2-month options. 

Also, the PSV Far Spirit (2007, VS 470 MKII, 3.550 DWT) has been awarded a 12-month firm contract by Woodside commencing in May with two 1-year options. 

The vessels above will be engaged in Woodside's ongoing drilling program in Australian waters. 

In the North Sea, PSV Far Strider (1999, VS 483, 4 605 DWT) has been awarded a 18-month firm contract by Apache North Sea Limited commencing in May with two 6-month options.

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