Offshore

Solstad Offshore books another million-dollar deficit

Offshore shipping company Solstad Offshore exits the second quarter with a million-dollar deficit and the company's equity plummets further into the red. The carrier continues to work with creditors to find a solution.
Photo: PR/Solstad Offshore
Photo: PR/Solstad Offshore
by SØREN PICO

The second quarter turned out to be yet another difficult period for crisis-stricken Solstad Offshore, which needs to secure a restructuring agreement with its creditors.

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