Farstad Writes Off USD 127 Mln in Vessel Impairments

first_imgzoom Norway’s offshore service vessel provider Farstad Shipping has decided to undertake impairments totaling NOK 1.09 billion (USD 127 million) of vessels and other fixed assets in the financial statements for 4Q 2015. Total impairments of fixed assets for the fiscal year 2015 is NOK 1.27 bill, the company said.The announcement comes as the company battles with tough market conditions and prevailing market uncertainty.Farstad Shipping’s fleet currently consists of 59 vessels (30 AHTSs, 23 PSVs and 6 Subsea vesssels) and one Subsea vessel under construction.Farstad said that it will publish quarterly accounts for the 4th quarter 2015 and the preliminary annual accounts for 2015 on 29 February.last_img

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Jose Hombrados until WC 2013 in Ciudad Real

Goalkeeper of Spanish national team and Champion, Ciudad Real, Jose Javier Hombrados (38) extended contract with his team. It is unknown, for how many years will he stay in team from “Don Quijote” Arena, but it is expected that he play TOP handball until World Championships 2013 in Spain. ← Previous Story Slovenija (Round 8): Gorenje keeping 100% Next Story → Kim Andersson won’t be ready for WC 2011?

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