Oslo: Norwegian offshore owner Farstad Shipping has said that it has laid up two PSVs, Far Server (4,000 dwt, built 2010) and Far Spica (4,000 dwt, built 2013).
The company cites the weak offshore market for the lay ups, it now has three in total laid up, and also revealed that it has given notice to 35 employees. According to its website, Farstad has 2,200 employees in total.
Karl-Johan Bakken, ceo of Farstad Shipping, commented: “We are currently experiencing a very demanding offshore market. Consequently, we have to lay up two vessels and give notice to competent employees. We regret this. Our focus onward is to secure new contracts for our crews and vessels.”