Bergen Group declares subsidiary bankrupt

Another sign of the crisis that has enveloped the Norwegian subcontractors extension of the pressure on both the energy sector and the shipping industry emerged on Wednesday when Bergen Group opted to declare its own subsidiary, with 70 employees, bankrupt.

A shortage of orders and poor finances have now pushed already struggling Norwegian shipbuilder Bergen Group to declare its own subsidiary Bergen Group Skarveland bankrupt, says the company in a statement.

Bergen Group points to a lack of orders and poor results as key motivating factors behind the decision, thus adding another chapter to the deroute currently ravaging the Norwegian supply industry in extension of the sliding oil price and hard-pressed shipping industry.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
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