Farstad Gets Fish Farm Mooring Deal

Farstad Shipping’s wholly owned subsidiary, Farstad Offshore, has secured a contract from Ocean Farming, a part of SalMar Group, for the complete mooring installation and hook-up of the company’s semi-submersible offshore fish farm.

The scope of work involves project management and execution of the offshore operations.

The project will utilize AHTS vessels from the Farstad Shipping fleet. Operations are scheduled to take place during first half of 2017, the company informed.

Farstad did not disclose the commercial terms of the agreement.

“Within the company, we have an extensive track record and knowledge base related to offshore mooring and hook-up operations, and this has been key factors enabling us to secure this contract. We highly appreciate Ocean Farming’s confidence in Farstad Shipping as demonstrated by the award of this interesting contract in this new market segment,” said Karl-Johan Bakken, CEO of Farstad Shipping.

“The introduction of Offshore fish farms of this size and specification is also opening a new market for utilization of large AHTS vessels and we are excited to take part in making this first pilot a success, and look forward to further developments in this market,” Bakken concluded.

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