Farstad Shipping says that Woodside in Australia has extended the contract for the PSV Lady Grace (UT755, 2002, 3936 dwt.) for a period of 12 months from the expiry of the current contract which is 30 April.
Woodside has also extended the contracts for the AHTS Far Strait and Far Stream (UT712L, 2006, 15900 BHP) for a period of 12 months from 20 April.
StatoilHydro has declared their first yearly option to extend the contract for the PSV Far Searcher (UT 751E, 2008, 4.755 dwt.).
The extensions are done on same rate level as existing contracts. Total value of the contracts is approx NOK 215 mill.
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Farstad Shipping
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