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Farstad Shipping ASA: Farstad Shipping ASA - Sale of vessel

Farstad Shipping ASA has, through its wholly owned subsidiary Farstad
Supply AS, sold the PSV Far Scandia (1991, UT 705, 3,100 DWT).

Delivery of the vessel to the new owner has taken place today, Friday
15 January 2016.

Sale of the vessel will give a booked loss of approx. NOK 8 mill. in
the 4th quarter 2015.


CEO Karl-Johan Bakken - tel. +47 901 05 697

CFO Torstein L. Stavseng - tel. +47 911 07 001

After the sale of Far Scandia Farstad Shipping's fleet consists of 60
vessels (30 AHTS, 24 PSV and 6 SUBSEA) and 1 SUBSEA vessel under
construction. The company's operations are managed from Aalesund,
Melbourne, Perth, Singapore, Macaé and Rio de Janeiro with a total of
2,100 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.



Författare WKR

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