2009-11-11 13:54:04 -

London, November , 11, 2009

Attached please find Report 3Q 2009.

Farstad Shipping achieved an operating income of NOK 871.9 million
for the 3rd quarter.  The operating profit (EBIT) was NOK 352.6
million. The profit after taxes was NOK 397.0 million.

The operating income at 30.09.09 was NOK 2,452.9 million. The
operating profit (EBIT) was NOK 986.6 million. The profit after taxes
was NOK 1,062.4 million.

Contacts for further information:

CEO Karl-Johan Bakken -      +47 90 10 56 97
CFO Torstein L. Stavseng -   +47 91 10 70 01

www.farstad.com


Farstad Shipping's fleet currently consists of 56 vessels (29 AHTS,
24 PSV and 3 SUBSEA) and 2 AHTS under construction at Norwegian yard.
The company's operations are run from Aalesund, Aberdeen, Melbourne,
Singapore and Macaé by a total of 1700 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.

hugin.info/45/R/1354277/328313.pdf


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