Norway: Farstad Shipping – Sale of AHTS Lady Cynthia Cancelled

In press release of 16 April 2012 Farstad Shipping informed about an agreement to sell AHTS Lady Gerda (1987, Hart Fenton, 8.700 BHP) and AHTS Lady Cynthia (1987, Hart Fenton, 9.500 BHP).

The sale of Lady Gerda is completed according to agreement, whilst the agreement to sell Lady Cynthia is cancelled.

Farstad Shipping’s fleet currently consists of 53 vessels (29 AHTS, 21 PSV and 3 SUBSEA) and 6 PSV and 4 AHTS under construction. The company’s operations are managed from Aalesund, Aberdeen, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro with a total of 2000 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.

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Source: Farstad, June 14, 2012