STX- Farstad PSV

STX OSV Holdings (STX OSV) has won a NOK700m ($117m) contract from Farstad Shipping to design and build two platform supply vessels (PSVs).

Both the vessels, which will be of STX OSV’s PSV 07 design, will have a length of 94.5m, width of 21m and maximum capacity of 5,600dwt.

The first vessel is scheduled to be delivered from STX OSV Langsten shipyard in Norway in the second quarter of 2014, while the hull will be delivered from STX OSV Tulcea in Romania.

The second vessel is expected to be delivered from STX OSV Vung Tau in Vietnam in the third quarter of 2014.

Both the PSVs will be designed to operate effectively and safely in harsh conditions and comply with DNV’s ‘Clean Design’ class notation requirements to reduce environmental impact.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Following the delivery, Farstad will charter both the vessels to Statoil for six years as per the recently signed deal.

With the latest order Farstad will have eight PSVs and four anchor handling tug supply vessels (AHTS) on order with a total cost of NOK5.1bn ($858m).

Currently, STX OSV has six PSVs and four AHTS under construction for Farstad, which operates a fleet of 53 vessels including 29 AHTS, 21 PSVs and three subsea vessels.

In March 2012 , the company won a NOK1.2bn ($208m) contract from Farstad’s subsidiary Farstad Supply to build a pair of AHTS.

Each of the vessels will have a length of 87.4m and breadth of 21m, and will be designed by Rolls Royce Marine under a £50m contract.

Based on Rolls Royce’s UT 731 CD design, the vessels will be equipped to handle anchors for oil rigs, tow rigs to location and also serve as supply vessels. They will also be equipped with an integrated equipment system, including deck machinery and vessel control systems.

Image: The vessels will be of STX OSV’s PSV 07 design and will have a length of 94.5m and width of 21m. Photo: STX OSV.