Farstad Shipping ASA – Sale of vessel
Farstad Shipping ASA has sold the PSV Lady Grete (2002, UT 755 L, 3,264 DWT).
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 took place Monday 29 February 2016.
The sale of the vessel gave a book loss of NOK 63 million, whereof NOK 60 million is booked as impairment in the 4Q 2015 accounts.
Contacts:
CEO Karl-Johan Bakken – tel. +47 901 05 697
CFO Torstein L. Stavseng – tel. +47 911 07 001
After the sale of Lady Grete Farstad Shipping’s fleet currently consists of 58 vessels (30 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.