Farstad Shipping beats a retreat

Farstad Shipping beats a retreat

Oslo: Only days after Norway’s biggest offshore owner decided to discontinue shipping operations in Aberdeen another retreat has been signaled by Farstad Shipping to battle the current crashing oil price. This week the nearly 25-year-old platform supply vessel Far Superior, which had just left its drydocking, was withdrawn from the market.

This is the fourth ship Farstad has laid up. At the end of last December the 100-odd crew on three anchor handlers – Father Statesman, Far Sigma and Far Sagaris – were laid off and the ships laid up at Ålesund indefinitely.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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