Farstad Shipping ASA – Five vessels to be laid up
Farstad Shipping is planning to lay up two PSV and three AHTS in Norway due to an expected further weakening of the offshore market. Consequently, approx. 100 employees offshore, mostly Norwegian nationalities, will be laid off. - To lay up vessels and lay off our employees is a painful measure, especially for those of our employees who are personally affected by the measures. This is deeply regrettable, but necessary due to the current market situation, says Karl-Johan Bakken, CEO of Farstad Shipping. Farstad Shipping is now fully focused on securing contracts and employment of