ShippingWatch

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs