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Farstad Shipping ASA: Farstad Shipping ASA - Sale of vessel

Farstad Supply AS, a wholly owned subsidiary of Farstad Shipping ASA,
has sold the AHTS Far Fosna (1993, UT 722, 14,389 BHP).

Delivery of the vessel to the new owner has taken place today, Tuesday
8 November 2016.

The sale of the vessel will result in an immaterial accounting effect
for 4Q 2016.


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

CFO Olav Haugland - tel. +47 915 41 809

After the sale of Far Fosna, Farstad Shipping's fleet consists of 55
vessels (27 AHTS, 22 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
1,780 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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