2013-03-21 15:31:58 -
Far Senator (UT 731 CD) has today Thursday 21 March been delivered from Vard
Langsten to Farstad Supply AS, a wholly owned subsidiary of Farstad Shipping
With reference to the press release 7 March 2013, Farstad Supply AS has sold the
vessel to Ocean Yield AS and leased it back on a 12 year bareboat charter. The
agreement includes options for Farstad Supply AS to buy back the vessel. The
vessel will operate in the North Sea spot market.
CEO Karl-Johan Bakken - tel. +47 901 05 697
CFO Torstein Stavseng - tel. +47 911 07 001
Farstad Shipping's fleet currently consists of 58 vessels (29 AHTS, 26 PSV and
3 SUBSEA) and 3 PSV, 3 AHTS and 1 SUBSEA under construction. The company's
operations are managed from Aalesund, Aberdeen, Melbourne, Perth,
Macaé and Rio de Janeiro with a total of 2080 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.
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