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 is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • 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