ShippingWatch

Ocean Yield books another major impairment on FPSO

Shipowner Ocean Yield, controlled by Norwegian investor Kjell Inge Røkke, books a significant million-dollar impairment. The majority is subscribed to a floating production vessel, which also saw its value impaired last year.

Photo: PR/Aker

A delayed improvement within oil service now makes Kjell Inge Røkke's shipowner Ocean Yield impair the value of two vessels.

In its interim report for the third quarter, Ocean Yield expects to book two impairments totaling USD 130 million, reveals a notice to the stock exchange published Monday.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Esvagt strikes huge deal with Totalenergies

The French oil major expands its partnership with the Danish service carrier, which secures long-term contracts on eight vessels that will now deliver far more than safety solutions. The agreement is expected to create jobs for more than 160 seafarers.

Western Bulk aims for listing in third quarter

The strong dry bulk market is prompting Norway's Western Bulk to aim for a listing in the third quarter. The carrier projects that the market will strengthen in the second half of the year.

Further reading

Related articles

Trial banner

Latest news

See all jobs