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    Five more ships to be laid up by Farstad

    Company News // October 2, 2015

    Farstad Shipping is planning to layup two platform supply vessels (PSVs) and three anchor handling tug/supply (AHTS) vessels.

    The company said it was laying up the vessels due to an expected further weakening in demand. As a result, approximately 100 employees, mostly Norwegian, will be laid off. Farstad Shipping already has two vessels laid up in Norway and two vessels laid up in Asia.

     

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