Norway's SolstadFarstad is aiming for more cost savings in 2018 following its merger with Deep Sea Supply and Farstad in June.

The Oslo-listed OSV giant said it had achieved synergies and cost reductions of about NOK 400m during 2017.

This has led it to increase its annual target to between NOK 700m and NOK 800m ($95.65m) by the end of next year.