Solstad buoyed on bottom line

Gains on financial items propped up profitability at Solstad Offshore as low utilisation and a raft of laid-up vessels left the Norwegian shipowner with lower revenue amid a market slump.

Fleet challenges: Solstad's anchor-handler Normand Ivan
Fleet challenges: Solstad's anchor-handler Normand Ivan
Published 26 August 2016, 14:02Updated 25 October 2016, 15:16
Europe