ShippingWatch

Norwegian yard could be hit by new impairments

Italy's Fincantieri group does not rule out that there could be more impairments in store on asset values at Vard, writes Reuters. The Norwegian shipbuilder has already received large capital injections from the owner.

Photo: PR/Vard

It cannot be ruled out that there will be a need for more impairments at Norwegian shipbuilder Vard, says the owner, Italy's Fincantieri group, according to Reuters.

At a teleconference following publication of the group's interim report Friday last week, the company said the restructuring of the struggling Norwegian shipyard could result in more costs.

Read the whole article

Get 14 days free access.
No credit card required.

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

"Mixed lobbying" hinders Maersk from elite status on climate efforts

Think tank InfluenceMap has mapped out how well global companies like Unilever, Ikea and Maersk are performing in terms of meeting climate requirements and whether their words match their deeds. Ambiguous communication stands in the way of Maersk reaching the top, the think tank explains to ShippingWatch.

Danske Bank makes commitment to CO2 neutral loan portfolio by 2050

By 2050 at the latest, Danske Bank's loan portfolio must be fully CO2 neutral. The bank, which provides loans to shipping as well as the oil and gas sector and also supports the Poseidon Principles, isn't ready yet to set out short-term intermediate targets on the road towards CO2 neutrality.

Further reading

Related articles

Trial banner

Latest news

See all jobs