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Imperiled DOF in acute money woes: Major stakeholder pledges millions

Norwegian offshore ship operator DOF summons its bondholders to a meeting to postpone payments. Meanwhile, a major shareholder of subsidiary DOF Subsea says it is ready to inject millions of dollars into the company.

Photo: PR / Dof Subsea
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Norwegian offshore company DOF is having financial troubles and now prompts its subsidiary DOS Subsea to summon its creditors to a meeting to discuss postponing paying mature bond installments.

At the same time, the Norwegian firm gets a capital injection of NOK 200 million (USD 21.9 million) from the Møgster family, DOF says in a notice to the Oslo stock exchange.

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