Farstad’s AHTS Lady Cynthia Finds New Owner

Farstad Shipping ASA has, through its wholly owned subsidiary Farstad Shipping Pte. Ltd. in Singapore, sold AHTS Lady Cynthia (1987, Hart Fenton, 9.500 BHP).

Delivery of the vessel to the new owner has taken place today, Wednesday 2nd January 2013. It is expected the vessel will be deployed in the Indian domestic market.

Sale of the vessel will give a booked profit of approx. NOK 3 mill. in the 1st quarter 2013.

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Farstad Shipping, January 2, 2013