ShippingWatch

Solstad Farstad starts off with huge loss

New major offshore carrier Solstad Farstad suffered a larger deficit than expected for the third quarter, which brought the first financial report from the new company. Solstad Farstad expects that the market will remain weak in the short term.

Lars Peder Solstad, CEO of Solstad Farstad. | Photo: PR-foto/Solstad Farstad

Solstad Farstad has released its first financial report after the company was established in the merger of the three carriers Solstad, Farstad, and Deep Sea Supply at the end of June this year.

According to Norwegian daily Dagens Næringsliv, the results came out worse than analysts had projected and the deficit is more than NOK 100 million (USD 12.3 million) for the third quarter.

Read the whole article

Get 14 days free access.
No credit card required.

  • 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