Norwegian offshore service operator loses NOK 4bn in Q1

The global pandemic and the collapse in the oil price make struggling DOF book a large impairment. Combined with a big exchange rate loss, the company reports a deficit of more than NOK 4 billion in the first quarter.

BY CHRISTIAN CARLSEN, SHIPPINGWATCH

Struggling Norwegian offshore ship operator DOF booked a deficit of NOK 4.1 billion (USD 413.1 million) in the first quarter this year, according to the company's interim report.

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