Profitable Eidesvik Offshore about-face on write-downs drags on bottom line

Eidesvik Offshore’s bottom line took a hit in the third quarter as the company continued to unwind write-downs as the market improved.

AMSC trumpets cash pile after ‘transformative’ months sees company turn to offshore

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The Oslo-listed offshore vessel owner reported a NOK 51m ($4.8m) profit for the three months ending on 30 September, much lower than the NOK 163m recorded in the same period last year.