Farstad Shipping ASA - Vessel delivery and long-term financing

(Thomson Reuters ONE) -


Far Starling (STX PSV08 CD) has today, Wednesday 29 May, been delivered from
Vard Vung Tau in Vietnam to Farstad Supply AS, a wholly owned subsidiary of
Farstad Shipping ASA.

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



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 58 vessels (29 AHTS, 26 PSV and
3 SUBSEA) and 2 PSV, 3 AHTS and 1 SUBSEA under construction. The company's
operations are managed from Aalesund, Aberdeen, Melbourne, Perth, Singapore,
Macaé and Rio de Janeiro with a total of 2080 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#1705463]

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Bereitgestellt von Benutzer: hugin
Datum: 29.05.2013 - 11:55 Uhr
Sprache: Deutsch
News-ID 264416
Anzahl Zeichen: 1782

contact information:
Town:

Ã…lesund

Kategorie:

Business News

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