FAR places AHT contracts

Farstad Supply AS, a wholly-owned subsidiary of Farstad Shipping ASA, has reached an agreement with Brevik Construction AS, a subsidiary of Aker Brevik, for the building of an anchor handling tug supply vessel for delivery in April 2006. The vessel is of design UT 712L from Rolls-Royce Marine, which also will be a major supplier of equipment to the vessel.

Farstad Supply has furthermore signed an agreement with the yard for optional 1+1 UT712L vessels.

The newbuild is part of Farstad’s fleet renewal and is also a consequence of the sale of two older anchor handling tug supply vessels at the end of 2004.