PSV Far Sun (Vard 1 07) has today Thursday 10 July been delivered from Vard Langsten to Farstad Supply AS, a wholly owned subsidiary of Farstad Shipping ASA.
The vessel will upon delivery commence a long-term charter contract by Statoil for a firm period of 6 years and 3 x 1 year options, ref. our press release of 14 June 2012.
The long-term financing of the vessel is arranged by Sparebanken Møre in cooperation with Eksportkreditt Norge AS.
Contacts:
CEO Karl-Johan Bakken - tel. +47 901 05 697
CFO Torstein L. Stavseng - tel. +47 911 07 001
Farstad Shipping`s fleet currently consists of 61 vessels (32 AHTS, 26 PSV and 3 SUBSEA) and 1 PSV and 2 SUBSEA under construction. The company`s operations are managed from Aalesund, Aberdeen, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro with a total of 2200 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 acc. to §5-12 vphl (Norwegian Securities Trading Act)
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Farstad Shipping ASA via GlobeNewswire
HUG#1820639