Farstad Shipping ASA - Report 2Q and 1st half year accounts 2012

8/21/2012 9:41 AM EST

Attached please find Report 2Q and 1(st) half year 2012.

Farstad Shipping achieved an operating income of NOK 933.7 million for the 2nd
quarter.  The operating profit (EBIT) was NOK 200.8 million. The profit after
taxes was NOK 44.0 million.

The operating income at 30.06.12 was NOK 1,839.2 million. The operating profit
(EBIT) was NOK 364.7 million. The profit after taxes was NOK 157.8 million.

Contacts for further information:

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



Farstad Shipping's fleet currently consists of 54 vessels (29 AHTS, 22 PSV and
3 SUBSEA) and 7 PSV and 4 AHTS under construction. The company's operations are
managed from Aalesund, Aberdeen, Melbourne, Perth, Singapore, Macaé and Rio de
Janeiro with a total of 2000 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.


www.farstad.com









This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.


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