Norwegian offshore carrier booked big setback in operations
Norwegian offshore carrier DOF's operating profit dropped big-time in the third quarter by one billion Norwegian kroner (EUR 110 million), though the bottom line returned to black after a restructuring was settled in August. But 2017 is expected to be worse than 2016, the company notes.
BY DANIEL LOGAN BERG-MUNCH, SHIPPINGWATCH
DOF, which operates a fleet of offshore vessels in the dire North Sea market, saw its operating profit decline significantly in the third quarter, though the bottom line returned to black following a completed restructuring in August.
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