Norbye unexpectedly left his role as chief executive officer of John Fredriksen’s Deep Sea Supply in December.
His future collaboration with Farstad was announced in February and Norbye was supposed to commence his new duties on 7 April.
But today Farstad informed investors that its offer had been declined.
Norbye said: “Farstad Shipping gave me a very exciting offer. The opportunity to develop one of the world’s largest supply companies is exciting for everyone in our industry.
“However,
