Offshore

SBM Offshore bolstered by vessel sale and settled insurance case

The closure of an old insurance case and the sale of an FPSO vessel benefited Dutch SBM Offshore in the third quarter. The company upwardly adjusts expectations for the year slightly.
Photo: SBM Offshore
Photo: SBM Offshore
by SIMON VALEUR

SBM Offshore continues to deliver good results in the third quarter, where the company cut off nearly a fifth of its debt compared to last year following the sale of the FPSO vessel Turitella and the closure of an old insurance case regarding tdamaged rig Yme in the North Sea.

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