Floatel to book nearly $400 million in impairment charges

Offshore accommodation provider Floatel International will book impairments of nearly $400 million for the second quarter of the year due to impairments of its vessels made amid challenging market situation.

In an update on Thursday, Floatel said it continues to engage in constructive discussions with its key stakeholders on terms for a financial restructuring.

Continue reading

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.