Write-downs double losses for Altera Infrastructure
Write-downs on the value of its vessels saw Aberdeen-headquartered FPSO firm Altera Infrastructure more than double its pre-tax losses in 2020.
Updated: 04/02/2021, 12:48 pm
The Altera-owned Voyageur Spirit arriving at the drydock in Kishorn.
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Write-downs on the value of its vessels saw Aberdeen-headquartered FPSO firm Altera Infrastructure more than double its pre-tax losses in 2020.
The company, until last year part of shipping group Teekay, posted a pre-tax deficit of $340.4million (£249.5m) for 2020, compared to $151.2million (£110.9m) losses in 2019.