After the contracts, Farstad is left with around four anchor handling tug supply (AHTS) vessels in the North Sea.

However, its latest chartering activity represents a positive movement for the supply-and-demand balance of vessels in the region, as the 4,900-dwt platform supply vessel (PSV) Far Seeker (built 2008) and 24,400-bhp AHTS Far Sirius (built 2014) both head to work in Australia.

In