Norwegian yard discovers new losses and holds bank meetings

Problems keep piling up for Norwegian shipbuilding group Havyard. The company has now uncovered new losses on a range of unfinished newbuilds and has to hold new meetings with its banks.

Havyard's Leirvik yard is the one causing trouble for the group. The photo does not show the involved vessels. | Photo: PR/Havyard

by NIKLAS KRIGSLUND

Norwegian shipbuilding group Havyard has booked new losses on a number of newbuilds and is now meeting anew with its banks to find a solution to the problems.

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Havyard gets help from creditors and sells assets to stabilize finances
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Shipyard uncovers serious deviations in its books
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