Fafnir Offshore founder Steingrimur Erlingsson says he has been “fired” from his position as chief executive amid what he describes as an internal “shareholder dispute” at the fledging owner.

Erlingsson has been ejected at the same time as the company has one $37.9m newbuilding on the water with firm employment for only half the year and a further $40.3m vessel under construction with extremely challenging prospects to find charters.

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