Farstad Sells PSV Lady Grete for $7.3M

Norway's Farstad Shipping ASA disclosed Tuesday that it has sold the the platform supply vessel PSV Lady Grete (2002, UT 755 L, 3,264 DWT).

The sale of the vessel has been conducted on behalf of the wholly owned subsidiary Farstad Shipping Pte. Ltd. in Singapore.

Delivery of the vessel to the new owner took place Monday Feb. 29.

The sale of the vessel gave a book loss of $7.3 million (NOK 63 million), whereof $6.9 million (NOK 60 million) is booked as impairment in the 4Q 2015 accounts.  

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