Sale of vessel

(Thomson Reuters ONE) -


Farstad Supply AS, a wholly owned company of Farstad Shipping ASA, has reached
an agreement to sell the PSV Far Sleipner (1984, ME 202, 3.067 DWT). The vessel
has recently finished its charter party with Petrobras in Brazil. Delivery of
the vessel to the new owner is expected to take place by the turn of the month
May/June.


The agreed sales price of the vessel is approximately equal to the book value
which is below the value estimates obtained from brokers at year-end.



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


After the sale of Far Sleipner Farstad Shipping's fleet consists of 57 vessels
(32 AHTS, 23 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#1517307]

Weitere Infos zu dieser Pressemeldung:
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
Datum: 19.05.2011 - 15:12 Uhr
Sprache: Deutsch
News-ID 54832
Anzahl Zeichen: 1981

contact information:
Town:

Ã…lesund

Kategorie:

Business News

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