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Farstad Shipping ASA - Sale of vessel

Farstad Shipping ASA has, through its wholly owned subsidiary Farstad Supply AS, sold the PSV Far Grimshader (1983, UT 706 L, 3,225 DWT).

Delivery of the vessel to the new owner has taken place today, Friday 7 February 2014.

Sale of the vessel will give a booked profit of approx. NOK 15 mill. in the 1st quarter 2014.

Contacts:
CEO Karl-Johan Bakken - tel. +47 901 05 697
CFO Torstein L. Stavseng - tel. +47 911 07 001

After the sale of Far Grimshader Farstad Shipping's fleet consists of 58 vessels (30 AHTS, 25 PSV and 3 SUBSEA) and 2 AHTS, 2 PSV and 2 SUBSEA under construction. The company's operations are managed from Aalesund, Aberdeen, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro with a total of 2100 employees engaged onshore and offshore. The company's strategy is to be a leading quality provider of large, modern offshore service vessels to the oil industry. The company maintains a long-term charter profile for the fleet.

 

To read more, please visit Farstad here.

Associated companies:


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