Farstad Shipping ASA - Two vessels laid up

Farstad Shipping ASA - Two vessels laid up

ID: 395448

(Thomson Reuters ONE) -


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.


For further information, please contact:
CEO Karl-Johan Bakken - tel. +47 901 05 697
CFO Torstein L. Stavseng - tel. +47 911 07 001


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.

www.farstad.com






This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.



This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Farstad Shipping ASA via GlobeNewswire
[HUG#1919943]






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Bereitgestellt von Benutzer: hugin
Datum: 07.05.2015 - 17:12 Uhr
Sprache: Deutsch
News-ID 395448
Anzahl Zeichen: 2071

contact information:
Town:

Ã…lesund



Kategorie:

Business News



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"Farstad Shipping ASA - Two vessels laid up"
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Farstad Shipping ASA (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

FAR - FINANCIAL CALENDAR 2010 ...

Farstad Shipping ASA will publish their results for the 4th quarter 2009 and results for 2009 on February 17, 2009. A presentation of the results will take place at Norges Rederiforbund, 7th floor, in Oslo on February 18 at 09.00 am. Annual General ...

FAR - Charter Agreements ...

Farstad Shipping announces the following new charter commitments: Petrobras, Brazil, has contracted PSV Far Supporter (1996, UT 750, 4.680 DWT) for a period of 3 years, with start up during the 1st quarter 2010. Peterson SBS has extended the contra ...

Alle Meldungen von Farstad Shipping ASA



 

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