Farstad Announces Vessel Sales

Wednesday, October 25, 2006

Farstad Supply AS, a wholly owned company of Farstad Shipping ASA, has reached an agreement to sell the Far Crusader and the Far Centurion to Oceanlink Ltd. Delivery of the vessels to the new owner will take place during 1st Quarter of 2007. The two vessels are both anchor handling tug supply vessels (AHTS) of design ME 303 built in Korea in 1983. The combined sale price for the vessels is $28.5m.

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