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Vietnam Shipyard Delivers Farstad PSV

February 6, 2013

Farstad PSV's: Image credit Farstad Shipping

Farstad PSV's: Image credit Farstad Shipping

Vung Tau Shipyard in Vietnam delivers Platform Support Vessel (PSV) to Farstad Shipping Singapore subsidiary.

Far Sitella, a STX PSV08 CD offshore vessel, is bound for Australia where it 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 (NDA-SEK.ST) 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. 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.

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