Approved Annual Accounts 2010

(Thomson Reuters ONE) -




Farstad Shipping ASA's audited annual accounts for 2010 has been approved by the
board of directors on March 25th 2011. Compared to the preliminary results for
2010 published on the 16(th) of February 2011 along with the 4th quarter report,
there are no changes. The annual report 2010 including the approved accounts
will be distributed to the shareholders with the notice for the Annual General
Meeting.

The board of directors has decided to propose to the AGM to pay a dividend of
NOK 4.00 per share for the financial year 2010. The AGM will be held on May
19th, 2011. Provided that the AGM adopts the proposal, the share will be traded
ex-dividend as from May 20th, 2011.



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



Farstad Shipping's fleet currently consists of 58 vessels (32 AHTS, 24 PSV and
2 SUBSEA) and 4 PSV under construction. The company's operations are run from
Aalesund, Aberdeen, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro by a
total of 1900 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 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#1500131]

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Bereitgestellt von Benutzer: hugin
Datum: 25.03.2011 - 13:35 Uhr
Sprache: Deutsch
News-ID 52818
Anzahl Zeichen: 2233

contact information:
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