Norwegian shipyard Kleven Verft has reported another annual loss but believes it is now in a stronger financial position after completing a restructuring.
Kleven, one of the nation's largest yards, reported a pre-tax loss of NOK 349m ($38m) for 2018, against a NOK 393m loss in 2017. Revenue totalled NOK 2bn, down from NOK 2.4bn in 2017.
But after completing a restructuring, the shipbuilder is on the hunt for a new buyer as sole owner Hurtigruten seeks to pull out.
