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    Lady Elizabeth to be sold

    Vessel & ROV News // July 31, 2007

    P/R International Offshore Services ANS, the wholly owned company of Farstad Shipping ASA, has reached an agreement to sell Lady Elizabeth to European Venture II AS.

    Delivery of the vessel to her new owner will take place the first week in August 2007.

    The vessel is a ME 202 PSV built in 1983. The price for the vessel is US$10.6 million. This will give a booked profit of approximately NKr 42.5 million in the third quarter of 2007.

     

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