Norwegian players plan OSV sector merger

FEBRUARY 6, 2017 — With tough times persisting in the offshore services sector, stakeholders are planning a three way merger of Solstad Offshore, Farstad Shipping and Deep Sea Supply. What will emerge,

Siem set to take a stake in Farstad Shipping

NOVEMBER 4, 2016 — Kristian Siem, founder and Chairman of Siem Industries, is often referred to as “Norway’s Warren Buffet,” thanks to a successful strategy of making long term investments in undervalued

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Farstad to book loss on sale of PSV

JANUARY 15, 2016 — Norway’s Farstad Shipping ASA  today announced the sale of the PSV Far Scandia and says it will take a booked loss of around NOK 8 million (about $900,000)

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STX OSV announces three OSCV orders in one day

FEBRUARY 14, 2013 — After starting the day with news that it had secured a new contract for the design and construction of an Offshore Subsea Construction Vessel (OSCV) for Solstad Offshore