Farstad Takes Delivery of New PSV

Platform Supply Vessel (PSV) 'Far Scotsman' delivered from STX OSV Langsten shipyard to Farstad Shipping Ltd.

The vessel is of PSV 08 CD design, developed in close co-operation between STX Europe and Farstad Shipping.

Far Scotsman will trade the spot market in the North Sea.

Eksportkreditt Norge AS  financed the vessel in cooperation with DNB Bank ASA, GIEK and SpareBank 1 SMN.

Farstad Shipping's fleet currently consists of 54 vessels (29 AHTS, 22 PSV and 3 SUBSEA) with 7 PSV and 4 AHTS under construction.

The company's operations are managed from Aalesund, Aberdeen, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro.

The company's strategy is to be a leading quality provider of large, modern offshore service vessels to the oil industry. The company maintains a long-term charter profile for its fleet.