Farstad Shipping ASA – Approved Annual Accounts 2015

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Farstad Shipping ASA's audited Annual Accounts for 2015 were approved by the Board of Directors on 18 March 2016. The final Annual Accounts for 2015 are identical to the preliminary accounts published on 29 February 2016.

Annual Report 2015 including the approved accounts for 2015 are available on the company’s website www.farstad.com and Oslo Børs NewsWeb. 

Notice of Annual General Meeting including annexes will be distributed to the shareholders in week 16.

The Annual General Meeting will be held on 12 May 2016. The Board of Directors has proposed to the Annual General Meeting that no dividend should be paid for the fiscal year 2015.

Contacts:

CEO Karl-Johan Bakken –  tel. +47 901 05 697

CFO Torstein L. Stavseng – tel. +47 911 07 001

Farstad Shipping’s fleet currently consists of 57 vessels (29 AHTS, 22 PSV and 6 SUBSEA) and 1 SUBSEA vessel under construction. The company’s operations are managed from Aalesund, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro with a total of 2,100 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.

www.farstad.com