Farstad orders two AHTS’s at STX OSV

Norway’s Farstad Shipping ASA has, through its wholly owned subsidiary Farstad Supply AS, reached an agreement with STX OSV AS to build two Anchor Handling / Offshore Service vessels (AHTS) of the type UT 731 CD. Contract value is approx. NOK 1.2 billion.

The vessels are designed by Rolls Royce Marine with a total length of 87.4 meters and breadth of 21.0 meters. Bollard pull will be approx. 260 tons and installed power is approx. 24 000 BHP.

The vessels will be built according to DNV’s strictest environmental class – “Clean Design” – and will be arranged for safe and efficient deepwater operations. The newbuilds are of the same design as four previously delivered by STX OSV to Farstad during 2009-2010.

The steel hulls will be built in Romania and outfitting yard will be the STX OSV Langsten shipyard in Tomrefjord, Norway. Delivery of the vessels will be April and June 2013 respectively.

These newbuilds are part of Farstad’s fleet renewal and focus on the segment for deepwater activities.

With this latest order Farstad will have 8 vessels under construction at a contract value of NOK 3.2 billion.

June 22, 2010