Farstad emerges from crisis quarter with deficit

The offshore crisis has struck Farstad particularly hard and the Norwegian carrier does not seem to have shaved costs sufficiently to deliver a profit in the third quarter.

Photo: Farstad Shipping

The latest quarterly report from Farstad unmistakably reveals that the quarter was tough for the offshore carrier.

The company has previously used colorful bar charts to report ratios and while this has revealed a squeezed company in the past, the y-axis has thus far not had to dip below zero.

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