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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.

2018 has so far resulted in a major deficit for DOF Subsea, one of the offshore shipping companies hit hardest by the oil price plunge four years ago and the subsequent low activity levels in the offshore market.

In the third quarter of the year, the company reports a new double-digit million dollar deficit, a clear setback compared to the same period last year, according to DOF's interim report, published Tuesday.

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