Solstad Offshore has sold 24 vessels and reduces deficit

Offshore company Solstad Offshore is still struggling with a deficit, but has nevertheless succeeded in reducing the loss by NOK 1 billion in the third quarter of 2021. More vessels in operation and higher daily rates are among the reasons for the improvement.

Photo: Solstad Offshore ASA

Norwegian offshore company Solstad Offshore continues to lose money but has nevertheless succeeded in reducing the deficit significantly in the third quarter of the year.

The result before taxes came to a deficit of NOK 144 million (USD 15.9 million), an improvement of exactly NOK 1 billion from the third quarter last year, which saw a deficit of NOK 1.14 billion.

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