Farstad announces new cost reductions

Offshore carrier Farstad has informed its employees that new cost reduction measures will impact the company's Aalesund HQ offices. The move will prepare the carrier for the future, says CEO.

Photo: Farstad Shipping

Norwegian offshore carrier Farstad Shipping has informed employees that a new initiative has been launched aimed at reducing administrative costs at the carrier's Aalesund headquarters, according to a corporate statement.

"The current market situation is challenging. In order to strengthen the company's competitiveness, we are working continuously to keep costs at the right level," says Farstad CEO Karl-Johan Bakken in the statement.

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

Further reading

Related articles

Latest news

See all jobs