Offshore shipping company Solstad Offshore has just booked its second large-scale fleet impairment in a short period.
The shipping company recently had to impair its ship asset values by NOK 850 million (USD 99.2 million) after receiving a warning from the Norwegian financial supervisory authority. But this impairment turned out to be inadequate, according to the company's latest interim report.
Get full access for you and your coworkers.Start a free company trial today
Already a member? Log in.