Stig Remoy-led Olympic Ship is to stack more offshore vessels after its loss grew in the third quarter.
The Oslo-listed owner said the net deficit was NOK 593m ($69.3m), from NOK 51.6m in the same period of 2015.
Revenue was slashed to NOK 246m from NOK 410m, and it took a write-down on fixed assets of NOK 460m.
Olympic had four fewer ships in operation during the period in a market characterised by low activity and uncertainty.
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