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Impairments keep Norwegian Rieber in the red

Offshore carrier GC Rieber suffered a massive deficit in the third quarter, where impairments on the fleet of seismic vessels pulled the result down. The market remains challenging, writes the company.

Photo: GC Rieber

In the third quarter, Norwegian offshore carrier GC Rieber was dealt another blow by the all-timelow market. A huge impairment kept the company in the red and the quarter brought a setback across the board.

The company, which operates a fleet of 11 offshore vessels in the subsea, seismic and ice support segments, finished the quarter with a net deficit of NOK 233.5 million (USD 28 million) against a positive result of NOK 25.3 million in the same period last year. 

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