Vessel delivery and long-term financing

(Thomson Reuters ONE) -


We refer to press release of 15 July 2010.  The platform supply vessel (PSV)
"Seabed Viking", has today, Tuesday 24 August, been delivered to Farstad
Shipping Limited, a wholly owned UK subsidiary of Farstad Shipping ASA. The
vessel will be renamed "Far Server".  The vessel is currently on charter to AGR
Petroleum Services AS.

A long-term facility of NOK 215 million has been drawn with DnB NOR Bank ASA to
finance the vessel.


Contacts for further information:
CEO Karl-Johan Bakken -   +47 90 10 56 97
CFO Torstein L. Stavseng -  +47 91 10 70 01


Farstad Shipping's fleet currently consists of 58 vessels (32 AHTS, 24 PSV and
2 SUBSEA). The company's operations are run from Aalesund, Aberdeen, Melbourne,
Singapore and Macaé by a total of 1820 employees onshore and offshore. The
company's strategy is to be a major international supplier of large, modern
offshore service vessels to the oil industry.  We also remain committed to solid
long-term charter profile for the fleet.

www.farstad.com

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


[HUG#1439838]








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Source: Farstad Shipping ASA via Thomson Reuters ONE

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Bereitgestellt von Benutzer: hugin
Datum: 24.08.2010 - 12:35 Uhr
Sprache: Deutsch
News-ID 39923
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contact information:
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"Vessel delivery and long-term financing"
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Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

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