Dof exits 2020 in massive deficit – rates too low to handle debt

Offshore ship operator Dof is in protracted talks for a long-term restructuring, and the continuing weak market increases the risks of even bigger losses for the company.

BY CHRISTIAN CARLSEN, SHIPPINGWATCH

Norwegian offshore shipping company Dof reports a rare profit for the last three months of the year, though this was far from enough to salvage the full year, with finished with a deficit of more than half a billion dollars, shows the interim report.

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