chief executive Karl-Johan Bakken states that the Father Fosna has operated in Asia. The sale has no material effect on the financial statements of the company, because the sales price equals approximately the book value.
After the sale has Farstad Shipping a fleet of 55 ships. In addition, one subsea vessel under construction. The company’s activities are run from Ålesund, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro. Total number of employees on land and sea is 1.780.
Farstad now has 14 of its vessels in circulation, according to the opplagsregisteret.
Pending no major changes for employees
Karl-Johan Bakken says that the company is not expecting significant changes for the employees in time to come.
We have had positive discussions with various parties to put in place a robust refinancing of the company, ” says Karl-Johan Bakken.
last week, it became known that Siem has entered into a so-called non-binding letter of intent in connection with the financial restructuring of Farstad Shipping ASA. Siem, or a fund managed by Siem, hovedinvestor.
Deferral of instalments
Farstad Shipping has long been in a difficult financial situation. Within the second quarter of next year due to two billion in debt. Farstad has several times been deferred deadline for the payment of the instalments. Now is the decay set to 10. november. The result for the 3. quarter added up 29. november.
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