Farstad Shipping () is a publicly listed

supply Supply or supplies may refer to: *The amount of a resource that is available **Supply (economics), the amount of a product which is available to customers **Materiel, the goods and equipment for a military unit to fulfill its mission *Supply, as ...

shipping company A shipping line or shipping company is a company whose line of business is ownership and operation of ships. Shipping companies provide a method of distinguishing ships by different kinds of cargo: # Bulk cargo is a type of special cargo that is ...

with its corporate headquarters in

Ålesund Ålesund () is a List of towns and cities in Norway, town in Møre og Romsdal county, Norway. The town is the administrative centre of Ålesund Municipality. The centre of the town of Ålesund lies on the islands of Hessa, Aspøya, Ålesund, Asp� ...

Norway Norway, officially the Kingdom of Norway, is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. The remote Arctic island of Jan Mayen and the archipelago of Svalbard also form part of the Kingdom of ...

. 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 Countries of the United Kingdom, country that is part of the United Kingdom. It contains nearly one-third of the United Kingdom's land area, consisting of the northern part of the island of Great Britain and more than 790 adjac ...

Australia Australia, officially the Commonwealth of Australia, is a country comprising mainland Australia, the mainland of the Australia (continent), Australian continent, the island of Tasmania and list of islands of Australia, numerous smaller isl ...

Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...

, and

Brazil Brazil, officially the Federative Republic of Brazil, is the largest country in South America. It is the world's List of countries and dependencies by area, fifth-largest country by area and the List of countries and dependencies by population ...

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

Oslo Stock Exchange Oslo Stock Exchange () (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, derivatives and fixed ...

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, Nor ...

and Solstad Offshore to create

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

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 concerning ownership and operations. The acquisition of two service vessel fleets during the second half of the 80's was an important event 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. Since 1990, the renewal and growth of the fleet ha 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 the 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 vessel Anchor Handling Tug Supply (AHTS) vessels are mainly built to handle anchors for oil rigs, tow them to location, and use them to secure the rigs in place. AHTS vessels sometimes also serve as Emergency Response and Rescue Vessels (ERRVs) and a ...

s: 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 platform, oil and gas platforms and other offshore installations. They typically range from in length and are distinguished by the large open deck area used to st ...

s: Specially designed vessels for transporting supplies and equipment to and from offshore installations. These vessels transport general cargo, primarily in containers. *

Subsea Subsea technology involves fully submerged ocean equipment, operations, or applications, especially when some distance offshore, in deep ocean waters, or on the seabed. The term ''subsea'' is frequently used in connection with oceanography, marin ...

: 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