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Farstad Shipping ASA - Vessel delivery and long-term financing

Far Sigma (UT 731 CD) has today Monday 10 February been delivered from Vard Langsten to Farstad Supply AS, a wholly owned subsidiary of Farstad Shipping ASA.

The vessel will trade the spot market in the North Sea.

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

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 59 vessels (31 AHTS, 25 PSV and 3 SUBSEA) and 1 AHTS, 2 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 2100 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.

 

To read more, please visit Farstad here.

Associated companies:


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