Farstad Shipping signs PSV charters with ConocoPhillips

Norwegian company Farstad Shipping ASA said today that two of its platform supply vessels (PSVs) will operate in the North Sea for ConocoPhillips Skandinavia AS, part of US oil firm ConocoPhillips.
The contracts were signed on market terms for similar vessels and charter periods. However, the parties agreed not to disclose the commercial terms.
PSV Far Symphony, with a capacity of 4,929 dead weight tonnes (dwt), has won a charter contract for a firm period of six years, starting in April 2011.
ConocoPhillips also contracted PSV Far Server, with a capacity of 4,000 dwt, for a year, with start-up in February 2011.
Both deals includes additional option periods.
Source: Press release