Vung Tau Shipyard in Vietnam delivers Platform Support Vessel (PSV) to Farstad Shipping Singapore subsidiary.
Far Sitella, a STX PSV08 CD offshore vessel, is bound for Australia where it will commence its long term commitment to Shell Australia related to their Prelude drilling campaign.
A long-term facility has been drawn with Nordea Bank to finance the vessel.
Farstad Shipping's fleet currently consists of 57 vessels (28 AHTS, 26 PSV and 3 SUBSEA) and 3 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.