Media: Big Norwegian investors have eyes set on Farstad

Renowned shipping profiles could once more become interesting for struggling offshore carrier Farstad Shipping which gave up this Thursday on finding a financial solution with Kristian Siem.

by LOUISE VOGDRUP-SCHMIDT

Speculations have resurfaced concerning who or which company could be the new rescue for Farstad Shipping. The offshore carrier informed this Thursday that it had given up on finding a solution for its creditors with Kristian Siem, despite the process which having been underway for months.

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Kristian Siem pulls out of rescue efforts for Farstad
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Media: Big Norwegian investors have eyes set on Farstad

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Kristian Siem pulls out of rescue efforts for Farstad

Taking stock of a rough year for offshore carriers

Yet another Norwegian offshore carrier in acute trouble

Sign up for our newsletter

Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Spot prices for container freight continue to rise

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

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Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

14 arrested at demonstration in front of Maersk headquarters

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Jobs