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Farstad lands contracts in struggling offshore market

Farstad Shipping has secured a number of contracts on the offshore carrier's vessels for a total of about USD 73.3 million. Two idled vessels will be put back to work.

Photo: Farstad Shipping

The Norwegian offshore carrier Farstad Shipping has signed contracts on four of the company's vessels for a total of about USD 73.3 million.

The contracts mean that two vessels, which have otherwise been laid up, will now be put back to work, writes Farstad Shipping in a corporate statement to the Oslo Stock Exchange.

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