Home » Business News » 2012 » October » October 4, 2012

Farstad Shipping ASA - Vessel delivery and long-term financing

October 4, 2012 - London

Far Solitaire (UT 754 WP) has today Thursday 4 October been delivered from STX OSV Langsten to Farstad Supply AS, a wholly owned subsidiary of Farstad Shipping ASA.

The vessel will commence a term charter contract with Statoil with a firm period of 3 months and further 3 monthly options.

The long term finance of the vessel is arranged by Eksportkreditt Norge AS in cooperation with DNB Bank ASA, GIEK and Handelsbanken.

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

Farstad Shipping's fleet currently consists of 56 vessels (29 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.



This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Farstad Shipping ASA via Thomson Reuters ONE



Comment on this story