StockMarketWire.com - Farstad Shipping has been awarded charter contracts or extensions worth NKr250m.

Farstad said Statoil had taken up its option to extend the contracts for the PSV Far Seeker and PSV Far Searcher for a period of 12 months while in Brazil Petrobras had extended the contract for AHTS Far Sagaris until the end of October.

Farstad also said that Woodside in Australia had chartered AHTS Far Grip for a period of nine months from the beginning of March.

At 1:56pm: (LON:FAR) Farsight share price was 0p at 0.55p


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