Farstad Shipping ASA – Contract Award
Farstad Shipping ASA has been awarded the following contract:
Ocean Farming AS, a subsidiary of the SalMar Group, has awarded Farstad Offshore AS, a wholly owned subsidiary of Farstad Shipping ASA, a contract for the complete mooring installation and hook-up of Ocean Farming’s Semi-submersible Offshore Fish Farm.
The scope involves project management as well as execution of the offshore operations. The project will utilize AHTS vessels from the Farstad Shipping fleet trading the spot market in the North Sea. Operations are scheduled to take place during first half of 2017.
The commercial terms of the agreement will be kept private and confidential between the parties.
This award is a strong demonstration of the capacities and capabilities in the Farstad Shipping organization, both onshore and offshore.
- Within the company, we have an extensive track record and knowledge base related to offshore mooring and hook-up operations, and this has been key factors enabling us to secure this contract. We highly appreciate Ocean Farming’s confidence in Farstad Shipping as demonstrated by the award of this interesting contract in this new market segment, says Karl-Johan Bakken, CEO of Farstad Shipping ASA.
- The introduction of Offshore fish farms of this size and specification is also opening a new market for utilization of large AHTS vessels and we are excited to take part in making this first pilot a success, and look forward to further developments in this market, Bakken concludes.
Contacts:
CEO Karl-Johan Bakken tel. +47 901 05 697
CFO Olav Haugland tel. +47 915 41 809
Farstad Shipping’s fleet currently consists of 55 vessels (27 AHTS, 22 PSV and 6 SUBSEA) and 1 SUBSEA vessel under construction. The company’s operations are managed from Aalesund, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro with a total of 1,725 employees engaged onshore and offshore. The company’s strategy is to be a leading quality provider of large, modern offshore service vessels to the oil industry.
http://www.salmar.no/en/offshore-fish-farming-a-new-era