Farstad Gets Contract for Platform Supply Vessel

P/R International Offshore Services ANS (IOS), a company owned 50 percent by Farstad Shipping ASA and 50 percent by P&O, Australia, has signed a contract with Brevik Construction AS for delivery of a platform supply vessel in September 2003. The vessel is of design UT 755L. Presently IOS operates 15 vessels and has 3 vessels on order for delivery in 2003.