Farstad Shipping ASA – Sale of vessel
Farstad Shipping ASA has sold the PSV Lady Grace (2001, UT 755, 2,936 DWT).
The sale of the vessel has been conducted on behalf of the wholly owned subsidiary P/R International Offshore Services ANS.
Delivery of the vessel to the new owner took place Thursday 21 January 2016.
The sale of the vessel is a part of the company’s strategy for the further fleet development, and the market prospect for this kind of tonnage. Sale of the vessel will give a book loss of approx. NOK 49 mill. in the 4th quarter 2015.
Contacts:
CEO Karl-Johan Bakken – tel. +47 901 05 697
CFO Torstein L. Stavseng – tel. +47 911 07 001
After the sale of Lady Grace Farstad Shipping’s fleet consists of 59 vessels (30 AHTS, 23 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.