Solstad losses continue due to dollar-denominated debt
Solstad Offshore increased its revenue and operating result and improved fleet utilization in Q3 – but still lost money. Debt in USD continues to be a headache for the firm.
by idha toft valeur
Norwegian shipping company Solstad Offshore is still suffering from negative effects from currency fluctuations, shows the carrier’s latest interim report, reporting a third-quarter net deficit despite an improved operating result before special items and strong offshore market.
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