2013-01-02 12:31:52 -

Farstad Shipping ASA has, through its wholly owned subsidiary Farstad Shipping
Pte. Ltd. in Singapore, sold AHTS Lady Cynthia (1987, Hart Fenton, 9.500 BHP).


Delivery of the vessel to the new owner has taken place today, Wednesday 2(nd)
January 2013. It is expected the vessel will be deployed in the Indian domestic
market.

Sale of the vessel will give a booked profit of approx. NOK 3 mill. in the
1(st) quarter 2013.



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




After the sale of Lady Cynthia Farstad Shipping's fleet consists of 55 vessels
(28 AHTS, 24 PSV and 3 SUBSEA) and 5 PSV and 4 AHTS under construction. The
company's operations are managed from Aalesund, Aberdeen, Melbourne, Perth,
Singapore, Macaé and Rio de Janeiro with   a total of 2000 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. The company
maintains a 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.



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Source: Farstad Shipping ASA via Thomson Reuters ONE
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