Read all the latest news about DOF. ShippingWatch gives you independent, credible, critical and fair news.

A solution to Dof's rescue plan drags out

Offshore shipping company Dof exits the fourth quarter with another million-dollar deficit despite an increase in revenue. The shipping company has yet to agree with its creditors on a rescue plan.

Up to 500 supply vessels ought to be scrapped

Of a global fleet of 4,000 PSV and AHTS vessels, upwards of 500 should be scrapped, according to Fearnley Offshore Supply. Severe overcapacity of supply ships remain an obstacle to an upturn in the sector, where Norwegian players in particular are plagued by towering debt.

Strained DOF continues negotiations with creditors

Offshore shipping company DOF booked a new deficit in the second quarter that is significantly smaller than at the same time last year, however. The company continues negotiations with its creditors to find a long-term solution.

More debt-ridden offshore carriers could merge

More mergers between companies in the offshore industry are likely to happen, assesses DNB's Head of Ocean Industries Kristin Holth to ShippingWatch. The industry is characterized by large amounts of debt.

Creditors extend offshore carrier's debt payments

Dof Subsea, which is struggling to settle a restructuring plan, has agreed with its creditors to postpone debt payments on a loan to the fall. The shipping company is also looking to change loan agreements.

DOF Subsea reports new large deficit

DOF Subsea's deficit grew significantly in the third quarter, though the offshore shipping company reports more activity for several of the ships.

Norwegian offshore carriers more optimistic about the future

Two of the biggest carriers in Norwegian offshore, Solstad Farstad and DOF Subsea, note in their annual reports that there is increased tender activity in the oil market, which indicates a better market in the future. The market has bottomed out, says Solstad Farstad.

60 dollar oil price triggers shimmer of hope at DOF

Q3 did not go according to plan for Norway's DOF which landed an operating deficit of NOK 41 million in the wake of major impairments. There were many challenges but the rising oil price incites hope in the company's board of directors.

DOF has brighter outlook despite setback

Norwegian offshore carrier DOF suffered a setback in the second quarter this year, yet still believes in a gradual recovery on the offshore market from the second half of 2017.

DOF takes big loss in Q4

Norwegian offshore carrier DOF exits 2016 with a profit after taxes in spite of a significant deficit in the fourth quarter triggered by major depreciations and impairments.

DOF's operating profit dives big-time in Q3

Norwegian offshore carrier DOF's operating profit dropped big-time in the third quarter, though the bottom line returned to black as a restructuring was settled in the period. Four vessels were idled at the end of the quarter.

DOF and Havila: This is why we will survive in a tough market

The two Norwegian offshore carriers DOF and Havila have taken serious blows during the downturn in the Norwegian offshore industry, and the hits continue. Their plan for survival is a three-pronged strategy in DOF's case, and for Havila it is a matter of serious cleanup.

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