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    Farstad sells Far Sun

    Vessel & ROV News // November 21, 2003
    Farstad Supply in Norway has reached an agreement to sell the PSV Far Sun to Seaport International Shipping Co in the United Arab Emirates (UAE).

    The vessel has operated for BP Norway since December 1993, and is now finishing a 10 year charter with BP.

    Far Sun is a 1,500dwt vessel and was built at Robb Caledonia Yard in Leith in 1982.

    The price is approximately US$4 million, which is on a level with the valuation of the vessel as per June 30, 2003.

    The vessel will leave the North Sea immediately after the sale is completed at the beginning of December.

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