Solstad Farstad hints at more mergers and acquisitions

Norwegian offshore shipping company Solstad Farstad finished the second quarter with a large deficit, though the company eyes improvements ahead and is open to the idea of further consolidation in the sector.

Photo: Solstad

Solstad Farstad, which operates one of the world's biggest offshore fleets and counts several prominent investors among its owners, is optimistic despite booking a new deficit in the second quarter 2018.

The bottom line may show a deficit of NOK 787 million (USD 94.0 million), and the operating result was similarly negative with a deficit of NOK 148 million. The difference is due to factors such as currency losses.

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