EuropeOffshore

Farstad Shipping sells off PSV at $2m loss

Photo of Grant Rowles Grant RowlesMay 7, 2015
29 Less than a minute

Oslo: Oslo-listed offshore specialist Farstad Shipping has announced today that subsidiary, Farstad Marine, has sold PSV Far Superior (3,796 dwt, built 1990).

The new owner, who was not revealed, took delivery of the Ulstein-built vessel today.

Farstad Shipping said the sales will give a booked loss of around NOK15m ($2m). The Far Superior is the second vessel the company has sold within two months, having offloaded AHTS Far Sky (13,382 bhp, built 1991) in March.

The company’s fleet is now down to 61 vessels.

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Photo of Grant Rowles Grant RowlesMay 7, 2015
29 Less than a minute
Photo of Grant Rowles

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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