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.

BY OLE ANDERSEN

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.

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30 supply ships without work in the North Sea
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Rough oil market dealt Farstad a deficit in 2014
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Report: Norwegian offshore carriers lose 4.2 percent this year
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