Norway’s Ulstein Group is shifting its sights away from the struggling offshore sector as it slumped into the red in 2015.
The shipbuilder posted an operating loss of NOK 95.2m ($11.6m) for the year, compared to a positive result of NOK 184.1m in 2014.
Gunvor Ulstein, chief executive of Ulstein, said: “These are tough times. The group’s results for 2015 were weak as a result of lower utilisation of capacity and the generally challenging market situation in our business areas.”
The
