Farstad Shipping sheds 1991-built AHTS

Far Sea

Norwegian shipping company Farstad Shipping has sold its 1991-built anchor handling tug and supply vessels. 

Farstad Shipping has, through its wholly owned subsidiary Farstad Supply, sold the AHTS Far Sea.

According to the company, delivery of the vessel to the new owner took place on Thursday, March 3, 2016.

The sale of the vessel gave a book loss of NOK 32 million ($3.7M), whereof NOK 30 million ($3.5M) is booked as impairment in the 4Q 2015 accounts, said the company.

After the sale of Far Sea, Farstad Shipping’s fleet consists of 57 vessels where 29 are AHTS, 22 PSV and 6 are subsea vessels, plus one subsea vessel under construction.

Far Sea is a 73.6m long AHTS vessel built by Norwegian shipyard Simek.

In an effort to cut costs, the shipping company recently sold another one of its vessels, the 2002-built PSV, and reduced the size of the organization at the office in Aalesund, Norway by 26 positions.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

Africa Oil & Power 2019

The Africa Oil & Power conference will bring together an elite class of ministers and senior-level government…

read more >

OWI LATAM 2019

Over the two-day conference, 25+ expert speakers will share exclusive insight on how to develop an integrity, production and P&A strategy…

read more >

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

read more >

Argentina Oil and Gas Expo 2019

The Argentine Oil and Gas Institute (IAPG) organizes the Argentina Oil & Gas Expo bringing together the most…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply