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15/5/2012

Farstad Shipping posts improved quarterly figures


Farstad Shipping achieved an operating income of NOK 905.5 million for the 1st quarter. The operating profit (EBIT) was NOK 163.9 million. The profit after taxes was NOK 113.7 million.

Farstad Shipping's fleet currently consists of 53 vessels (29 AHTS, 21 PSV and 3 SUBSEA) and 6 PSV and 4 AHTS under construction. The company's operations are managed from Aalesund, Aberdeen, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro with a total of 2000 employees engaged onshore and offshore. The company's strategy is to be a leading quality provider of large, modern offshore service vessels to the oil industry. The company maintains a long-term charter profile for the fleet.

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