Farstad Shipping
Farstad Shipping ASA is a major international supplier of large, modern offshore support vessels.
The company's head quarter is located in Aalesund on the North West
coast of Norway. In addition we have offices in Aberdeen in Scotland,
Melbourne in Australia, Singapore and in Macaé in Brazil. Through
a joint venture we also have presence in Angola. The total number of
shore personnel is 170 and the number of sailors is approximately 1,650.
Farstad Shipping has a fleet of 58 vessels and four newbuilds. In
2009 the freight income was earned in the following markets: 24.9% in
North West Europe, 47.5% in the Far East/ Australia, 24.1% in Brazil
and 3.4% in other regions.
Farstad Shipping has been listed on Oslo Stock Exchange since 1988
and has over the years given the shareholders a competitive return on
their investment. The number of outstanding shares is 39 million out of
which approximately 46% is owned by the Farstad family.
The company achieved in 2009 operating revenues of NOK
3,257.6 million, which is the highest in the company's history. The
result after tax amounted to a profit of NOK 1,931.5 million.
Farstad Shipping has a strong focus on health, safety, environment
and quality throughout the company's entire range of activities. This is
fundamental to maintaining and strengthening our competitive position.
