Solstad: No North Sea improvements in 2016

No sign of improvements for the hard-pressed supply carriers in the North Sea on the short term, projects Norwegian Solstad, which lost USD 25 million in the third quarter.

Norway's Solstad group suffered a deficit of USD 25 million in the third quarter 2015 against a profit in the same period last year of USD 29.8 million.

In its third quarter interim report, just published, the group projects no improvements for supply carriers operating in the North Sea or in Brazil on the short term or in 2016, notes the company's management team.

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