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.

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