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UT 732 CD

October 7, 2005

Farstad orders advanced AHTS

Farstad Supply AS, a wholly owned company of Farstad Shipping ASA, has signed a contract with Aker Langsten AS, Tomrefjord, Norway, for delivery of a 27,500 bhp anchor handling tug supply vessel (AHTS) in June 2007.

The vessel will be built to the new Rolls Royce UT 732 CD design and will the largest and most advanced in the Farstad-fleet. It is designed to consolidate Farstad's position as a supplier of services to anchor handling operations in deep waters and harsh environment areas.

Farstad says the design has been developed in close cooperation with Rolls-Royce Marine and "is strongly focused on safe and environmentally friendly operation, with performance and functionality for the future."

"Experiences from our deepwater operations and a close dialog with our sea staff have been important in the development of this design," says Farstad,

Rolls-Royce Marine will be a major supplier of equipment to the vessel.

Aker Yards says the contract is worth approximately NOK 450 million (about US $69.5 million).

The vessel will have a length of 92.7 m and a deadweight of 4,800 tons on a draft of 7.7 m.

It will be classed DNV +1A1, Tug, SV, IceC, E0, SF, Dynpos AUTR, Clean Design, Comf-V(3), TMON, BIS, DK(+), HL(p),