Norway: I M Skaugen reports net loss for Q3 2017

01.12.2017

Norway: I M Skaugen reports net loss for Q3 2017
Hegnar Online, 01 Dec 2017, online:-
Norwegian shipping company I M Skaugen has published its financial report for Q3 2017. The company reports a net loss of USD 12.20mn (EUR 10.21mn) from a net loss of USD 6.7mn posted a year earlier, while revenue decreased to USD 10.2mn from USD 16mn. The company states that it has been hard at work to launch its refinancing plan, where potential measures included negotiations regarding leased vessels from other players. One such discussion featured a potential agreement with Bermuda-based LNG tanker operator Teekay LNG Partners, which recently reported that it would terminate its agreement with I M Skaugen.
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