Farstad Shipping has sold another vessel, this time its 2002-built platform support vessel (PSV) Lady Grete for an undisclosed sum.
for an undisclosed sum.The sale of the vessel gave a book loss of NOK 63m ($7.27m), of which Farstad will book a NOK 60m impairment in its 4Q 2015 financial results.
The vessel was sold through the Oslo-listed company’s Singapore subsidiary and was delivered to the unnamed buyer on Monday.
In mid-February, Farstad said it will book NOK1,279m ($148m) in impairment losses during its fiscal year 2015.
The company said the book losses relate to vessels and other fixed assets and are “based on the development in brokers’ market values of the fleet, the prevailing market prospects as well as the uncertainty related to the vessels’ future earnings”.
