The loss of three major projects and a "possible compensation claim" from salmon farmer SalMar amounting to NOK 133 million (€12.7 million/$12.3 million) are key factors in the bankruptcy of Norwegian equipment supplier Stranda Prolog.
The company, which filed for bankruptcy last month, at the time blamed the pandemic, citing low order intake, large cost increases on contracts it had already entered into, and a lack of raw materials and labor.
But a report from the trustees seen by IntraFish indicates the threat of SalMar's claim and project cancellations played a bigger role.
