Farstad Shipping ASA – Vessel delivery and long-term financing
Farstad Shipping ASA has today Tuesday 7 July taken delivery of subsea-/construction vessel Far Sentinel (Vard 3 07) from Vard Langsten.
The vessel is designed for subsea construction/IMR operations to 3,000 meters water depth, has an overall length of 142.6 meters, beam of 25 meters and a deck area of 1,800 m². The vessel is equipped with two offshore cranes, of which the larger one has a lifting capacity of 350 tons. Furthermore the vessel is arranged for 3 pc ROV (Remote Operating Vehicles) and accommodation for 130 persons.
The long-term financing of the vessel is arranged by Eksportkreditt Norge AS, DNB, Swedbank and GIEK.
There is no charter contract secured upon delivery from the yard.
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 62 vessels (31 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 2,200 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.