Farstad Shipping ASA - Vessel delivery and long-term financing

9/17/2012 9:15 AM EST

Far Skimmer (STX PSV08 CD) has today Monday 17 September been delivered from STX
OSV Vung Tau in Vietnam to Farstad Shipping Pte. Ltd. in Singapore, a wholly
owned subsidiary of Farstad Shipping ASA.


Upon arrival in Australia, the vessel will commence its long term commitment to
Shell Australia related to their Prelude drilling campaign. Reference is made to
our press release of 14 June 2012.

A long-term facility has been drawn with Nordea Bank to finance the vessel.


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



Farstad Shipping's fleet currently consists of 55 vessels (29 AHTS, 23 PSV and
3 SUBSEA) and 6 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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