Verdict - Supreme Court
(Thomson Reuters ONE) - Farstad Shipping has, as one of three shipowners, challenged the legality of thetransition rules, stating that the transition rules to the new tonnage taxsystem are in breach of the constitution.The verdict will be announced by the Supreme Court on Friday 12 February at09.15 a.m.Contacts:CEO Karl-Johan Bakken - tel. +47 90 10 56 97CFO Torstein Stavseng - tel. +47 91 10 70 01Farstad Shipping's fleet currently consists of 57 vessels (24 PSV, 30 AHTS and3 SUBSEA) and 1 AHTS under construction at Norwegian yard. The company'soperations are run from ?esund, Aberdeen, Melbourne, Singapore and Maca?y atotal of 1.700 employees onshore and offshore. The company's strategy is to be amajor international supplier of large, modern offshore service vessels to theoil industry. We also remain committed to solid long-term charter profile forthe fleet.www.farstad.comThis information is subject of the disclosure requirements acc. to §5-12 vphl(Norwegian Securities Trading Act)[HUG#1383542]
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Datum: 11.02.2010 - 06:23 Uhr
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News-ID 1010282
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