STX OSV Delivers PSV Far Skimmer to Farstad Shipping (Singapore)

Far Skimmer (STX PSV08 CD) has been delivered from STX OSV Vung Tau in Vietnam to Farstad Shipping Pte. Ltd. in Singapore, a wholly owned subsidiary of Farstad Shipping ASA.

Upon arrival in Australia, the vessel will commence its long term commitment to Shell Australia related to their Prelude drilling campaign.

A long-term facility has been drawn with Nordea Bank to finance the vessel.

Farstad Shipping‘s fleet currently consists of 55 vessels (29 AHTS, 23 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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Press Release, September 17, 2012