ShippingWatch

Farstad sells offshore vessel at USD 5.6 million loss

Offshore carrier Farstad Shipping has sold a platform supply vessel and books a USD 5.6 million loss that will be included in the carrier's fourth quarter interim report.

Photo: Farstad Shipping

Norwegian offshore carrier Farstad Shipping is working to adjust its fleet to the extremely low offshore market, and the company has in that regard sold a platform supply vessel (PSV).

The vessel, Lady Grace, has been sold on behalf of fully-owned subsidiary P/R International Offshore Services ANS and results in a book loss of around USD 5.6 million in the fourth quarter interim report, informs Farstad Shipping in a statement.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs