Impairment drags Nordic American Offshore into the red

Scorpio-controlled offshore ship operator Nordic American Offshore exits 2018 with a deficit of nearly USD 200 million following a massive impairment. However, CEO Emanuele Lauro points to growing activity in the North Sea.

by DANIEL LOGAN

Nordic American Offshore, which was taken over by the Scorpio group in December last year, booked a deficit of nearly USD 200 million in 2018.

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