Farstad Shipping ASA – Sale of vessel

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Farstad Shipping ASA has sold the AHTS Lady Guro (2001, UT 719, 5,453.6 BHP).

The sale of the vessel has been conducted on behalf of the wholly owned subsidiary Farstad Shipping Pte. Ltd. in Singapore.

Delivery of the vessel to the new owner has taken place today, Wednesday 28 October 2015.

The vessel is sold at book value.

Contacts:

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

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

After the sale of Lady Guro Farstad Shipping’s fleet consists of 61 vessels (30 AHTS, 25 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