Farstad Shipping () is a publicly listed supply shipping company with its corporate headquarters in Ålesund,

Norway Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and t ...

. The company has approximately 2,200 employees, of which 1,965 are employed offshore. Farstad Shipping focuses on large, advanced vessels in the anchor handling, supply and subsea segments. The company's operations are mainly concentrated on the markets in North- West Europe, Brazil and Indian Pacific, with offices in

Scotland Scotland (, ) is a country that is part of the United Kingdom. Covering the northern third of the island of Great Britain, mainland Scotland has a border with England to the southeast and is otherwise surrounded by the Atlantic Ocean to the ...

Australia Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...

and

Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...

. The company is 46% owned by the Farstad family. Farstad Shipping has been listed on the

Oslo Stock Exchange Oslo Stock Exchange ( no, Oslo Børs) (OSE: OSLO) is a stock exchange within the Nordic countries and offers Norway’s only regulated markets for securities trading today. The stock exchange offers a full product range including equities, deriv ...

since 1988. In June 2017, Farstad Shipping merged with

Deep Sea Supply Deep Sea Supply is an international operator of offshore supply vessels. It operates nine anchor handling tug supply vessels (AHTS) and two platform supply vessels (PSV). 17 ships are under construction. The main office is located in Arendal, No ...

and Solstad Offshore to create

Solstad Farstad Solstad Offshore () is a Norway, Norwegian offshore service and auxiliary ship, supply ship shipping company that operates 89 vessels and including 26 construction service vessels, 21 anchor handling tug supply vessels and 42 platform supply vess ...

History

Farstad Shipping was founded as a traditional shipping company in 1956. The company was one of the first operators in the North Sea that decided to focus on offshore service vessels. In 1973 the company contracted its first supply vessel, an anchor handling vessel of the type UT 704. Until the mid-1980s the company grew through various forms of collaboration both with regard to ownership and operations. The acquisition of two service vessel fleets during the second half of the 80's were important events in the further development of the company. At the same time the company built independent operational and marketing functions. During this period, the ship owning part was gathered in one company. From 1990, renewal and growth of the fleet has largely taken place by selling older vessels and implementing a considerable newbuild programme. This growth has been founded in the Norwegian maritime cluster. Farstad Shipping's international presence increased significantly during the 2000s.

Operations

Farstad Shipping is currently among the six largest companies worldwide in the market for large and medium-sized supply vessels. About 63% of this world fleet is in North-West Europe, Brazil and Indian Pacific where the company's activities are mainly concentrated. Farstad Shipping has a market share measured in the number of vessels of about 6% in these markets. Farstad Shipping's fleet consists of the following vessel types: * Anchor handling tug supply vessels: Specially designed vessels for anchor handling and towing offshore platforms, barges and production modules/ vessels. *

Platform supply vessel A platform supply vessel (PSV) is a ship specially designed to supply offshore oil and gas platforms. These ships range from in length and accomplish a variety of tasks. The primary function for most of these vessels is logistic support and tr ...

s: Specially designed vessels for transporting supplies and equipment to and from offshore installations. These vessels transport general cargo, primarily in containers. * Subsea: Vessels specially designed for operations at great depths, installation and maintenance of seabed facilities.

References

External links

* Shipping companies of Norway Supply shipping companies Transport companies of Møre og Romsdal Transport companies established in 1956 1956 establishments in Norway {{Norway-shipping-company-stub