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.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Argentine port workers strike for access to Covid-19 vaccines

Nine unions representing Argentine port workers have announced a 24-hour strike in protest against the lack of access to coronavirus vaccines. The strike takes place amidst a new coronavirus outbreak in the country, which is a major dry bulk exporter.

Tradelens hopeful that major Maersk rivals will soon be integrated

Hapag-Lloyd and ONE continues to be absent on the digital platform Tradelens even though they announced they would join two years ago. "We are hopeful that they will be joining very soon," says Head of Tradelens Mike White. Hapag-Lloyd expects to make a decision soon.

Further reading

Related articles

Latest news

See all jobs