FAR - Sale of vessel
P/R International Offshore Services ANS, a wholly owned company of Farstad Shipping ASA, has reached an agreement to sell the "Lady Elizabeth" to European Venture II AS. Delivery of the vessels to the new owner will take place the first week in August 2007.
The vessel is a platform supply vessel (PSV) of design ME 202 built in 1983.
The price for the vessel is USD 10.6 million. This will give a booked profit of approx. NOK 42.5 million in the 3rd quarter 2007.
Contacts: Karl-Johan Bakken tlf. +47 901 05 697 Torstein L. Stavseng tlf. +47 911 07 001