Norwegian offshore vessel owner Farstad Shipping has sold an elderly Singapore based platform supply vessel as part of its fleet modernisation programme.

The 2,368-dwt Lady Christine (built 1985) is understood to have fetched about $5m and may well continue its career in the Far East.

Lady Christine
Alesund based Farstad has not disclosed the name of the buyer but it is unlikely to be another Norwegian company and there is market speculation the buyer is Russian or Asian.

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