The new long-term contract is to start this month for the 12,240-bhp anchor handling tug supply (AHTS) BOS Topazio (built 2005), which is a Rolls Royce UT 728 L design.

The value of the firm period alone is NOK 375m ($60.7m), Farstad told investors this week.

Offshore specialist analyst at Swedbank estimate the vessel’s rate about NOK 275,000 ($42,000) per day, which they point out is a sizeable increase from its current rates in the low-$20,000s per day.

“Although