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Canceled contract costs Ocean Yield USD 68.5 million

An impairment on an FPSO vessel weighs down on the third quarter result for shipowner Ocean Yield. The company's bottom line dropped USD 68.5 million between the second and third quarters.

Photo: Ocean

Norwegian shipowner Ocean Yield had a rough third quarter in 2019, which was marked by setbacks on both the top and bottom lines.

Revenue declined to USD 66.3 million against USD 94.9 million in the third quarter 2018, according to the interim report.

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