Farstad makes massive impairments

Norwegian offshore carrier Farstad Shipping impaired assets by NOK 1.8 billion in the fourth quarter 2016. The carrier will soon become part of the new offshore giant Solstad Farstad, backed by investors Kjell Inge Røkke and John Fredriksen.

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Nordic shipowners see multiple problems with speed limit

Danish Shipping and the Norwegian Shipowners' Association think that there are many potential pitfalls in implementing a speed limit for vessels in order to reduce their greenhouse gas emissions. The discussion of a speed limit was instigated by the new ECSA chairman.

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