ShippingWatch

Dof impairs fleet – hopes to soon find refinancing solution

Offshore shipping company Dof booked a new, major deficit in the third quarter, in which a massive fleet impairment factored in. The company hopes to settle a solution for refinancing before the end of the year.

Photo: PR/Dof

Despite improved earnings for its ships, Norwegian offshore ship operator Dof reports a new, large deficit for the third quarter of the year.

Still, the shipping company was able to improve its operating revenue by NOK 222 million (USD 24.1 million) compared to last year, to almost NOK 1.8 billion. The company's operating profit (EBITDA) also grew and reached NOK 461 million, shows Dof's interim report.

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