Farstad sells Audrey and Valisia

Vessel & ROV News - March 5, 2012

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Farstad Shipping has, through its wholly owned subsidiary P/R International Offshore Services, reached an agreement to sell the two oldest AHTS in its fleet,Lady Audrey (1983, ME 303, 12,240 bhp) andLady Valisia (1983, ME 303, 12,240 bhp).

Delivery of the vessels to the new owner is expected to take place by the end of March 2012.

Sale of the vessels will give a booked loss of approximatelyNKr 11.5 million in the firstquarter 2012.

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