Search results for: Karl-Johan Bakken

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  • 7 December 2011
    Business & Finance

      The Norwegian Prime Minister, Jens Stoltenberg, will on December 9th open the new Farstad Shipping Offshore Simulation Centre in Perth, Australia. The centre is the world’s largest and most advanced offshore simulation centre for marine operations.  – The opening of Farstad Shipping Offshore Simulation Centre is a milestone to Farstad Shipping. The centre is […]

  • 7 December 2011
    Business & Finance

    December 9th the Norwegian Prime Minister, Jens Stoltenberg, opens the new Farstad Shipping Offshore Simulation Centre in Perth, Australia. The centre is the world’s largest and most advanced offshore simulation centre for marine operations. “The opening of Farstad Shipping Offshore Simulation Centre is a milestone to Farstad Shipping. The centre is not only a major […]

  • 20 September 2016
    Business & Finance, Operations & Maintenance

    Norwegian shipowner Farstad Shipping will close down the management office in Melbourne as it concentrates its oil service activity in Australia to Perth. Consequently, the Australian onshore organization will be reduced from 65 to around 30 employees. Perth will facilitate both the headquarters and the operations centre, in addition to the company’s training and offshore […]

  • 28 January 2016
    Business & Finance, Operations & Maintenance

    Norwegian shipowner Farstad Shipping has made plans to reduce administrative expenses at its office in Aalesund. It is yet uncertain who has to go. However, the company has informed its employees about the process, which should be concluded by the end of February 2016. “The current market situation is challenging. In order to strengthen the company’s competitiveness, we are working […]

  • 3 November 2015
    Project & Tenders

    Farstad Shipping has been awarded a 3 year contract with further up to 3 years options for CSV Far Sentinel by Subtec S.A. de C.V. for delivery of light construction work, IMR and other subsea related activities in the Gulf of Mexico. Far Sentinel is of  VARD 3 07 design, has an overall length of 142.6 meters, beam of […]

  • 2 December 2016
    Project & Tenders

    Farstad Shipping’s wholly owned subsidiary, Farstad Offshore, has secured a contract from Ocean Farming, a part of SalMar Group, for the complete mooring installation and hook-up of the company’s semi-submersible offshore fish farm. The scope of work involves project management and execution of the offshore operations. The project will utilize AHTS vessels from the Farstad Shipping fleet. Operations are […]

  • 2 October 2015
    Business & Finance

    Norwegian owner and operator of offshore service vessels Farstad Shipping will lay off around 100 employees in Norway due to the planned lay up of two platform support vessels (PSVs) and three anchor handling tug supply (AHTS) vessels. The company has decided to lay up the five vessels as it expects further weakening of the offshore market. […]

  • 2 October 2015
    Business & Finance

    Norwegian owner and operator of offshore service vessels Farstad Shipping will lay off around 100 employees in Norway due to the planned lay up of two platform support vessels (PSVs) and three anchor handling tug supply (AHTS) vessels. The company has decided to lay up the five vessels as it expects further weakening of the offshore market. […]

  • 7 April 2016
    Business & Finance

    Norwegian shipowner, Farstad Shipping, has appointed Olav Haugland as the company’s new chief financial officer (CFO) after current CFO, Torstein L. Stavseng, has decided to take an early retirement after 28 years of company service. “Torstein L. Stavseng has been an important and valuable person to the company for 28 years. Farstad Shipping would like to […]

  • 27 January 2016

    Norwegian offshore shipowner Farstad Shipping is pressing forward with cutting costs, citing challenging market situation. The company on Wednesday said it started a process with the aim of reducing administrative expenses at the office in Aalesund. The employees have today been informed about the process, which will conclude by the end of February 2016, Farstad said. […]

  • 2 October 2015

    Farstad Shipping is planning to lay up two PSV and three AHTS vessels in Norway due to an expected further weakening of the offshore market. Consequently, 100 workers, mostly Norwegian nationals, will be laid off. “To lay up vessels and lay off our employees is a painful measure, especially for those of our employees who are personally […]

  • 1 March 2016
    Business & Finance, Operations & Maintenance

    Norwegian shipowner Farstad Shipping has decided to reduce the size of the organization at the office in Aalesund with 26 positions. In January, the company started a process with the aim of reducing administrative expenses at the office in Aalesund. Farstad Shipping recorded a net loss of NOK 1.32 billion for the fourth quarter on impairments […]

  • 27 September 2016
    Business & Finance, Operations & Maintenance, Project & Tenders

    Total E&P Congo has through Petro Services awarded the CSV Far Sleipner a contract of 18 months to support their subsea development activity in Congo, Norwegian shipowner Farstad informed on Tuesday. According to the Oslo-listed company, start of the contract will take place during Q4 2016. Total has option to extend the contract by 6 […]

  • 20 September 2016

    Offshore service vessel provider Farstad Shipping concentrates its oil service activity in Australia to Perth and will close down the management office in Melbourne. The company said on Tuesday that, consequently, the Australian onshore organization will be reduced from 65 to around 30 employees. “Farstad Shipping has participated in the development of the offshore oil […]

  • 22 April 2015
    Business & Finance

    Finn Amund Norbye has declined the offer to become Chief Commercial Officer (CCO) at Norwegian shipping company Farstad Shipping.  Norbye, the former CEO in Deep Sea Supply, previously accepted an offer from Farstad in February 2015 and he was supposed to start his new position in April 2015. “Farstad Shipping gave me a very exciting […]

  • 3 November 2015
    Business & Finance

    Farstad Shipping ASA, a Norwegian shipping company, has been awarded a 3-year contract with further up to 3 years options for CSV Far Sentinel by Subtec S.A. de C.V. The contract is for delivery of light construction work, IMR and other subsea related activities in the Gulf of Mexico. “This is an important and significant […]

  • 7 April 2016
    Business & Finance

    Norwegian shipping company Farstad Shipping has appointed Olav Haugland as a new Chief Financial Officer (CFO) after its current one, Torstein L. Stavseng, has decided to retire after 28 years of service. Olav Haugland‘s appointment is effective from May 1, 2016, while Torstein L. Stavseng will be retiring starting July 1, 2016. Formally, the change of CFO will take […]

  • 1 March 2016

    Norwegian shipping company Farstad Shipping has decided to reduce the size of the organization at the office in Aalesund, Norway by 26 positions. In January, the company started a process with the aim of reducing administrative expenses at the office in Aalesund. According to Farstad, the employees were informed on Tuesday about reductions in the […]

  • 24 November 2016
    Business & Finance

    Offshore service vessel provider Farstad Shipping has appointed Brett Silich as a new managing director for the Australian organization.  This follows Farstad Shipping’s commitment to consolidate the Australian offices and locate the head office closer to the cluster of key clients. Namely, the company in September decided to concentrate its oil service activity in Australia to Perth […]

  • 24 November 2016
    Business & Finance

    Norwegian shipowner Farstad Shipping has appointed Brett Silich as the new managing director of its Australian organisation. This follows Farstad’s plans to consolidate the Australian offices and locating the head office to Perth. Silich will replace Wayne Aitken, who has headed local Farstad Shipping operations for more than four years. Silich has previously worked in senior positions […]

  • 26 January 2016
    Business & Finance

    Farstad Shipping, the Norwegian provider of offshore service vessels for the oil and gas industry, has landed charter contracts for two of its vessels in Brazil.  Both vessels were hired by the Brazilian state-owned oil and gas company Petróleo Brasileiro, more commonly known as Petrobras. The first contract is a four-year one for Farstad’s platform supply vessel (PSV) […]

  • 8 May 2015
    Business & Finance

    Norwegian offshore vessels owner Farstad Shipping has laid up two of its platform supply vessels, leaving 35 people without work. The company has laid up PSV Far Server and PSV Far Spica citing a continued weak offshore market. “We are currently experiencing a very demanding offshore market. Consequently, we have to lay up two vessels and give […]