FAR letter of intent

Norsk Hydro has informed Farstad Shipping ASA that they will enter into a 5 year contract (with a 3 x 1 year option) for a large platform supply vessel. The contract will be serviced by a newbuild.

Start-up for the contract is April 2006 and the contract will be operated by Far Supporter (PSV UT750, 1996) as frontrunner until the newbuild will be delivered.