North Star Shipping secures £20m in new business

North Star Shipping, a division of the family-owned global shipping and energy services firm Craig Group, has secured more than £20m in new business and the renewal of existing contracts.

The company, which provides offshore support vessels to the offshore industry, has won a new contract with the largest operator of Floating Production, Storage and Offloading (FPSO) vessels in the North Sea.

Under the new contract with Norwegian owned Teekay Petrojarl, North Star Shipping will provide emergency response and rescue services using the Grampian Ranger vessel and her crew to support the Petrojarl Banff FPSO in the Central North Sea from 2011 to 2014.

North Star has also renewed a rolling contract with Marathon that will see the Grampian Courageous and Grampian Protector continue to support its operations in the Brae Field.