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.  


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Construction Contracts Analyst
Expertise: Contracts Administration|Legal
Location: Alpharetta, GA
Senior Construction Contracts Manager
Expertise: Construction Manager|Legal
Location: Alpharetta, GA
Sourcing Commodity Leader - Aerospace
Expertise: Project Management|Supply Chain Management
Location: Irvine, CA
search for more jobs

Brent Crude Oil : $53.87/BBL 0.48%
Light Crude Oil : $50.73/BBL 0.79%
Natural Gas : $3.33/MMBtu 2.14%
Updated in last 24 hours