Farstad announces vessel delivery and long-term financing
"Far Saracen" (AHTS UT731CD) has today Wednesday 24 March been delivered from STX Norway Offshore AS, Langsten, to Farstad Supply AS, a wholly owned subsidiary of Farstad Shipping ASA. The vessel will trade the spot market in the North Sea.
A long-term facility of NOK 435 million has been drawn with Eksportfinans ASA to finance the vessel. The loan is guaranteed by GIEK, Handelsbanken and DnB NOR.
Farstad Shipping's fleet currently consists of 58 vessels (24 PSV, 31 AHTS and 3 SUBSEA). The company's operations are run from Ålesund, Aberdeen, Melbourne, Singapore and Macaé by a total of 1.850 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.