Vietnam: STX OSV Vung Tau Delivers New PSV to Farstad Shipping

Far Sitella (STX PSV08 CD) has  been delivered today 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 57 vessels (28 AHTS, 26 PSV and 3 SUBSEA) and 3 PSV and 4 AHTS under construction.

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Farstad Shipping, February 5, 2013; Image: STX OSV