Siem set to take Farstad wheel

High-profile investor Kristian Siem is set to acquire a controlling stake in Farstad Shipping under a financial restructuring plan unveiled by the debt-laden Norwegian offshore vessel owner on Thursday.

Dominant stake: investor Kristian Siem
Dominant stake: investor Kristian Siem
Published 24 November 2016, 11:29Updated 5 January 2017, 08:30
Western Europe