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Farstad sells off elderly OSV

Farstad sells off elderly OSV
Norwegian firm Farstad Shipping has divested the aging Far Grimshader, a 1983-built OSV, to an undisclosed party for a sum of NOK15m ($2.4m).

The 3,225 dwt of UT 706 L design was delivered to its new owner earlier today, leaving the Farstad fleet with 58 vessels, with 30 anchor handling tugs (AHTS), 25 platform supply vessels (PSVs) and three subsea vessels.

The company also has a further 2 UT731CD-design AHTS, to be delivered within the next two months, two VARD 1 07-design PSVs to be delivered in May and August and two subsea vessels of the VARD 3 07 due between March and July. 

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