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MARINE & SUBSEA

Bittersweet news for Farstad

FARSTAD Shipping has written down more than NOK1.8 billion ($A280.3 million) on its way to a deeper net loss of NOK2.034 billion, but on the bright side has picked up a host of new contracts.

Anthony Barich
Bittersweet news for Farstad

The Norwegian company, which recently consolidated its Melbourne operations into Perth, yesterday reported a net loss which was deeper than the NOK1.3 billion it copped in the fourth quarter of 2015. ...

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