Farstad places new AHTS orders at STX OSV

STX OSV Holdings Limited has secured new contracts for the construction of two Multifunctional Deep Water Anchor Handling/Offshore Service vessels for Farstad Shipping. The total value of the contracts amounts to approximately NOK 1.2 billion.

The vessels will be of Rolls Royce’s UT 731 CD design. The overall length of each vessel will be 87.40 meters with a beam of 21 meters. STX OSV has in the past delivered four equivalent vessels to Farstad Shipping and has two under construction for the same customer prior to the new contracts.

Deliveries are scheduled from STX OSV’s Langsten shipyard in Norway in the first quarter of 2014. The hulls of the vessels will be delivered from the shipbuilder’s Tulcea shipyard in Romania.

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

The vessels will be built according to DNV’s strictest environmental class – “Clean Design.”

These newbuilds are part of Farstad Shipping’s fleet renewal and focus on the deepwater segment. Farstad now has four AHTS and six PSV vessels under construction at a contract value of NOK 4.4 billion.

The contracts are worth GBP 50 million to Rolls-Royce, which, as well as providing the design, will supply a fully integrated equipment system from Rolls-Royce including deck machinery and vessel control systems.  The ships will also include diesel electric hybrid propulsion systems to reduce the total fuel burn and cut CO2 emissions.

Anders Almestad, Rolls-Royce, President – Offshore said: “Rolls-Royce has a close working relationship with both Farstad Shipping and STX OSV. These customers’ repeated choice of our market leading technology highlights the value Rolls-Royce delivers and the Group’s ability to design and equip robust, highly advanced offshore vessels that deliver optimal results for their owners and operators.”

Both vessels will be built at the STX OSV Langsten yard in Norway and are scheduled for delivery in the first half of 2014. Farstad Shipping has now ordered eight vessels of this type.

March 30, 2012