Solstad reduces deficit and is cautiously optimistic about 2021

Troubled offshore carrier Solstad exits the first quarter of 2021 with a notably reduced deficit and cautious optimism following growth in oil, gas and wind activities for the rest of the year.

Photo: Solstad Offshore

Solstad sees a mild increase in oil and gas activities, which has helped to reduce its deficit in the first months of 2021.

The Norwegian offshore carrier reports a net deficit of NOK 310.3 million (USD 37.2 million), a notable improvement in light of the NOK 2.2 billion deficit in the first three months of 2019, according to Solstad's interim report.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs