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Farstad Shipping ASA (FAR.OL)

FAR.OL on Oslo Stock Exchange

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Mon, Feb 6 2017

REFILE-UPDATE 2-Norwegian firms to create offshore oil industry supply vessels giant

OSLO/LONDON, Feb 6 The pace of consolidation in the crisis-hit shipping industry accelerated on Monday after three of Norway's biggest offshore oil industry service vessel (OSV) operators announced plans to merge to create one of the biggest fleets in the sector.

BRIEF-Solstad, Farstad, Deep Sea merger looks like good business case -minister

Feb 6 Norway's Oil and Energy Minister Terje Soeviknes told Reuters on the sidelines of an industry conference in Stavanger on Monday:

UPDATE 1-Farstad in restructuring deal with investor Siem

* Announces outline for comprehensive financial restructuring with Siem and its secured lenders

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