Looking for a specific product?

Make a search for products & suppliers, articles & news.

Farstad Shipping Cost Reductions in Aalesund

Farstad Shipping continues its efforts to prepare the company for the future. 

The company has initiated 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.

STRENGHTENED COMPETITIVENESS

- The current market situation is challenging. In order to strengthen the company's competitiveness, we are working continuously to keep costs at the right level, says Karl-Johan Bakken, CEO of Farstad Shipping.

MEASURES ONSHORE AND OFFSHORE

As part of a larger process, Farstad Shipping has since 2014 implemented a number of cost-saving measures both onshore and offshore. The company's branch office in Aberdeen has been closed down, it is carried out redundancies and layoffs among seafarers, sales of older vessels are completed and seven vessels are currently laid up in the North Sea region. Further measures are expecting ahead. 

- By initiating these measures, we are preparing for the future. Our advanced fleet as well as a sharpened organization with much expertise will secure our position as a leading player in our industry, Bakken says. 


Associated companies:


Related news

Latest news

DNV GL awards AiP to Jiangnan Shipyard for 93K cbm very large ethane carrier design “PANDA E”

The flexible, efficient and environmentally friendly design was developed by Jiangnan Shipyard in cooperation with GTT,

DNV GL starts phase II of project to examine the impact of phase-contamination on oil flow meters

Accurate measurement of the production of oil fields is an important means ...

Important message at the “AKVAculture Day”

We won’t be able to create growth unless we can handle the industry’s challenges.

Visit from the Ministry of Trade Industry and Fisheries

The Ministry visited in order to learn more about the industry. 

Sohome's new 2018 catalogue is out

Sohome has produced a brand new catalogue. 

Servogear propelled ‘Future of The Fjords’ – Ship of the Year at SMM

The world’s largest maritime trade fair, 

Rapid electrification and rise of wind and solar drive massive expansion and automation of power grids, DNV GL finds

The report forecasts continuing rapid electrification, 

DOF Subsea awarded Frame Agreement and several short-term contracts

The Atlantic region has been awarded a Frame Agreement...

The world’s energy demand will peak in 2035 prompting a reshaping of energy investment

The electrification trend is already enveloping the automotive industry.