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Crisis-stricken Dof books new million-dollar losses on fleet

Strained Dof, which is trying to settle a rescue plan with its lenders, once again had to impair the value of its fleet in the third quarter. The offshore company has now booked impairments totaling close to USD 329 million in 2020.

Photo: PR/Dof

A severely strained market for supply ships now has Norwegian offshore supply operator Dof booking new major losses on its fleet.

Most recently the strained offshore company, which is trying to land a rescue plan with its creditors, had to book a NOK 667 million (USD 73.1 million) impairment in the third quarter. The majority of which is booked on the company's subsea fleet.

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