New Wave Media

January 3, 2013

AHTS Sold by Farstad

A Farstad AHTS: Photo credit Farstad

A Farstad AHTS: Photo credit Farstad

Farstad subsidiary, Farstad Shipping, Singapore, sells AHTS 'Lady Cynthia'.

The buyers identity is not disclosed, but it is expected the vessel will be deployed in the Indian domestic market.

Lady Cynthia was built in 1987 by Hart Fenton with a propulsion power output of 9,500 BHP.

Sale of the vessel will give Farstad a booked profit of approx. NOK 3 mill. in the 1st quarter 2013.

After the sale of Lady Cynthia Farstad Shipping's fleet consists of 55 vessels (28 AHTS, 24 PSV and 3 SUBSEA) and 5 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.

Farstad ShippingSingapore
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