Dof remains dependent on forbearance from creditors

Offshore operator Dof exits the first quarter with a deficit of NOK 804 million. As a result of a weak market and substantial debt-related costs, Dof is dependent on the goodwill of its creditors until a potential restructuring of its falls into place.

Photo: PR Dof Group

Both the top line and operating profit dipped for Norwegian offshore shipping company Dof in the first quarter of 2021 compared to the first quarter of 2020.

The company remains heavily plagued by impairments, high debt-related costs, a weak market and the Covid-19 pandemic and therefore remains dependent on the goodwill of its creditors.

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