Dof continues to negotiate with lenders following loss

Dof has not yet landed a restructuring plan and does not see its financial position as sustainable unless a long-term plan is landed. The last quarter of 2021 ended with a loss.

Photo: PR Dof Group

Offshore carrier Dof classifies its financial position as ”not sustainable” and states in its quarterly and full-year report that a long-term solution is ”necessary to continue as going concern.”

”It is further challenging for the Group to operate in an environment with short-term standstill agreements. If a robust long-term refinancing solution is not achieved, the Group will not continue as ’going concern’, which again will result in additional impairments of the Group’s assets,” states the board of directors in the report.

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