Risk Management Policy
In Farstad Shipping risk management comprises all aspects of our business, including strategy, HSEQ, finance, commercial matters, reputation and regulatory and legal matters.
Farstad Shipping invests each year considerable resources to create a safe and healthy working environment, and to maintain secure and environmentally friendly operations in line with national and international laws, regulations and relevant standards for the offshore industry.
The company is exposed to financial market risk regarding currency, interest rates and freight rates through its operations. The financial market risk is monitored continuously, and the company uses financial derivatives to reduce the risk when this is considered to be beneficial.