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Addition to Farstad fleet

Addition to Farstad fleet
Norwegian-based offshore support specialist Farstad says the UT731CD-design AHTS Far Shogun has been delivered from STX Norway Offshore AS, Langsten, to Farstad Supply, a wholly owned subsidiary of Farstad Shipping.

ADDITION TO FARSTAD FLEET.

Norwegian-based offshore support specialist Farstad says the UT731CD-design AHTS Far Shogun has been delivered from STX Norway Offshore AS, Langsten, to Farstad Supply, a wholly owned subsidiary of Farstad Shipping.

The company says the vessel will trade the spot market in the North Sea. It adds that a long-term facility of NKr 400m (US$68m) has been drawn with Fortis Bank (Nederland) N.V, Oslo Branch to finance the vessel. Farstad Shipping's fleet currently consists of 57 vessels (24 PSV, 30 AHTS and three Subsea vessels) and one AHTS under construction at a Norwegian yard. Farstad says: ?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.?

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