DOW JONES NEWSWIRES

Norwegian shipping company Farstad Shipping ASA (FAR.OS) said Wednesday it has received a number of charter contracts worth a total of NOK105 million exclusive options.

   MAIN FACTS:

-Subsea vessel Far Saga has been awarded a 6 month firm contract by Subsea 7 ASA (SUBC.OS) in Norway.

-AHTS Far Sabre has been awarded a 5 month firm contract by Shell (RDSA.LN) in Brazil.

-Petrobras has exercised an option to extend the contract for AHTS Far Scout for 144 days.

-By Stockholm Bureau, Dow Jones Newswires; +46-8-5451-3090; djnews.stockholm@dowjones.com