Quick Facts

Quick Facts

Farstad Shipping has 40 years experience in operating offshore service vessels.

Today we are one of the world's leading shipping companies in our industry and among the six largest companies in the market for large and medium sized supply vessels (AHTS> 10,000 BHP and PSV> 2,000 DWT). In addition to this we own and operate 7 Subsea vessels. Our activities are mainly concentrated on the markets in North-West Europe, Brazil and Asia Pacific with offices in Norway, Australia, Singapore and Brazil.

Key Facts

Legal name: Farstad Shipping ASA

Established: 1956

Business Areas: Anchor handling vessels (AHTS), platform supply vessels (PSV) and SUBSEA vessels

Listed OSE: 1988

Ticker: FAR

President/ CEO: Karl-Johan Bakken

Head office: Aalesund, Norway

Number of employees: 1,500

- onshore: 175

- offshore: 1,325

Number of vessels: 56

- AHTS: 27

- PSV: 22


Number of newbuilds: 0

Key Figures 2015

(NOK million)

Operting income: 4,011.1

Operating profit (EBIT): -813.8

Pre-tax profit: -2,086.3

Earnings per share/ Earnings per share diluted: NOK - 55.64

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