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Farstad Shipping ASA Announces Vessel Delivery and Long-Term Financing Facility

Tuesday, 5 Feb 2013 06:56am EST 

Farstad Shipping ASA announced that on February 5, 2013, Far Sitella (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. Reference is made to the press release of June 14, 2012. A long-term facility has been drawn with Nordea Bank to finance the vessel. 

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