Yet another Norwegian offshore carrier in acute trouble

As the most recent in an long line, Norwegian offshore carrier Boa now reports that a significantly worsened market has caused severe problems with liquidity. The announcements arrives along with the declaration of a third quarter deficit.

BY JOHANNES HARTKOPF-MIKKELSEN

Published: 30.11.16 at 15:49

After carriers such as Havila and Farstad have struggled for some time to settle new agreements, the likewise Norwegian offshore carrier Boa has now joined the choir of companies to announce restructuring.

This is evident in a corporate statement issued in relation to the presentation of the third quarter interim report, which shows a deficit of NOK 86.3 million (USD 10.15 million).