Dof remains dependent on forbearance from creditors

Offshore operator Dof exits Q1 with a deficit of NOK 804 million. As a result of a weak market and substantial debt-related costs, Dof is dependent on the goodwill of its creditors until a potential restructuring of its falls into place.

BY JENS THOMSEN, SHIPPINGWATCH

Both the top line and operating profit dipped for Norwegian offshore shipping company Dof in Q1 of 2021 compared to Q1 of 2020.

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