Farstad Shipping ASA: Sale of vessel

(Thomson Reuters ONE) -


Farstad Shipping ASA has, through its wholly owned subsidiary P/R International
Offshore Services ANS, reached an agreement to sell the PSV vessel 'Lady
Christine' (1985, ME 202, 2,368 DWT).

Delivery of the vessel to the new owner is expected to take place within the end
of December 2011.

Sale of the vessel will give a booked profit of approx. NOK 12.8 million in the
4(th) quarter 2011.




Contacts:
CEO Karl-Johan Bakken - tel. +47 901 05 697
CFO Torstein Stavseng -   tel. +47 911 07 001



After the sale of Lady Christine Farstad Shipping's fleet consists of 56 vessels
(32 AHTS, 21 PSV and 3 SUBSEA) and 6 PSV and 2 AHTS under construction. The
company's operations are managed from Aalesund, Aberdeen, Melbourne, Perth,
Singapore, Macaé and Rio de Janeiro with a total of 1970 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.

www.farstad.com


This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Farstad Shipping ASA via Thomson Reuters ONE

[HUG#1570859]

Weitere Infos zu dieser Pressemeldung:
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
Datum: 13.12.2011 - 08:49 Uhr
Sprache: Deutsch
News-ID 96225
Anzahl Zeichen: 1925

contact information:
Town:

Ã…lesund

Kategorie:

Business News

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