Farstad Shipping ASA - Vessel delivery and long-term financing

(Thomson Reuters ONE) -


Far Spica (STX PSV08 CD) has today Thursday 31 January been delivered from STX
OSV Langsten to Farstad Supply AS, a wholly owned subsidiary of Farstad Shipping
ASA.

The vessel will commence a term charter contract with Statoil to support their
drilling campaign on the coast of East Africa. Reference is made to our press
release of 11 January 2013.


A long-term facility has been drawn with Danish Ship Finance AS to finance the
vessel.


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



Farstad Shipping's fleet currently consists of 56 vessels (28 AHTS, 25 PSV and
3 SUBSEA) and 4 PSV and 4 AHTS under construction. The company's operations are
managed from Aalesund, Aberdeen, Melbourne, Perth, Singapore, Macaé and Rio de
Janeiro with a total of 2000 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#1674650]

Weitere Infos zu dieser Pressemeldung:
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
Datum: 31.01.2013 - 14:56 Uhr
Sprache: Deutsch
News-ID 225044
Anzahl Zeichen: 1946

contact information:
Town:

Ã…lesund

Kategorie:

Business News

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