On March 21, Far Senator (UT 731 CD) was delivered from Vard Langsten to Farstad Supply AS, a wholly owned subsidiary of Farstad Shipping ASA.
Farstad Supply AS has sold the vessel to Ocean Yield AS and leased it back on a 12 year bareboat charter. The agreement includes options for Farstad Supply AS to buy back the vessel. The vessel will operate in the North Sea spot market.
Farstad Shipping’s fleet currently consists of 58 vessels (29 AHTS, 26 PSV and 3 SUBSEA) and 3 PSV, 3 AHTS and 1 SUBSEA under construction.
[mappress] Farstad, March 22, 2013