Solstad Farstad starts off with huge loss

New major offshore carrier Solstad Farstad suffered a larger deficit than expected for the third quarter, which brought the first financial report from the new company. Solstad Farstad expects that the market will remain weak in the short term.

Lars Peder Solstad, CEO of Solstad Farstad.

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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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