New OSV giant emerges from Norwegian mega merger
JUNE 21, 2017 — With the completion a series of transactions announced February 6, a large new high-end offshore service vessel (OSV) company —Solstad Farstad ASA— has emerged from the merger of
Farstad
Key players sign off on OSV sector mega merger
MARCH 24, 2017 — The major players have now signed off on the statutory next step in the plans that will see Solstad Offshore ASA, Farstad Shipping ASA and Deep Sea Supply
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,
Farstad secured lenders agree payments stand-still
DECEMBER 27, 2016 – Back in November, Norway’s Farstad Shipping ASA said it had signed a non-binding letter of intent with a company in the Siem Industries group for the financial restructuring
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
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)
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