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7 May 2015 Farstad Shipping has laid up PSV Far Server and PSV Far Spica due to a continued weak offshore market. The company also has to give notice to employees. "We are currently experiencing a very demanding offshore market. Consequently, we have to lay up two vessels and give notice to competent employees. We regret this. Our focus onward is to secure new contracts for our crews and vessels", says Karl-Johan Bakken, CEO of Farstad Shipping. A total number of approx. 35 offshore employees are given notice. Farstad Shipping now has 3 vessels laid up. Farstad Shipping's fleet currently consists of 61 vessels (31 AHTS, 25 PSV and 5 SUBSEA) and 2 SUBSEA vessels under construction. The company's operations are managed from Aalesund, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro with a total of 2,200 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. Farstad Shipping ASA press release 
PSV Far Server 
PSV Far Spica |
