Eidesvik Offshore has swung to a loss in the second quarter in an “extremely tough” offshore market.
The offshore vessel owner logged a loss of NOK 27m ($3.3m), erasing a profit of NOK 144.7m posted in the same spell of 2015.
Eidesvik reported revenue of NOK 180m, against NOK 308.5m as it faced pressure on all operating segments.
Jan Fredrik Meling, chief executive of Eidesvik, told TradeWinds: “Of course the market is extremely tough.
“This
