Many offshore vessels without employment in the North Sea

Norwegian Farstad Shipping is laying up two more vessels and laying off employees. "We are currently experiencing a very demanding offshore market," says CEO Karl-Johan Bakken of Farstad Shipping.

Photo: Farstad Shipping

The development in the North Sea and other oil markets continues to strain the supply and service carriers that are forced to pull vessels out of operation.

Norwegian Farstad Shipping, which has a fleet with a total of 61 vessels in the international offshore industry, is now laying up two PSV vessels(Platform Supply Vessels) due to the persistently poor market, just as Farstad is also firing 35 employees.

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