Bankruptcy-threatened Havila loses Brazilian contract

Bankruptcy-threatened offshore carrier Havila left the second quarter 2016 with an operating result slashed in half and a combined deficit of USD 10 million. The company also lost a contract more than one year before it was scheduled to expire.

BY JOHANNES HARTKOPF-MIKKELSEN

With a severely reduced operating result and a deficit of USD 10 million, struggling Norwegian offshore carrier Havila left the second quarter this year much weaker than was the case in the same period last year, as evident from th carrier's interim report.

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