ShippingWatch

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

One alternative fuel may be particularly dangerous

In a new study – which Maersk, Shell, Euronav and MSC Ship Management, among others, are behind – the new alternative fuels are ranked based on how dangerous they are. The industry has to be careful with one of them, in particular.

Further reading

Related articles

Latest news

See all jobs