Norway's new major carrier dubbed a "risky venture"
Two of Norway's biggest figures in shipping, Kjell Inge Røkke and John Fredriksen, are behind Norway's new offshore carrier Solstad Farstad which will become the country's largest carrier. "It's a tough market out there," CEO Lars Peder Solstad tells ShippingWatch.
The merger between three major Norwegian offshore carriers - Solstad, Farstad, and Deep Sea Supply - was finalized this week but comes at a time in which the market for offshore vessels is still struggling and the oil price has declined for 30 consecutive days.
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