There are several bright spots in the offshore market for the short term, says Norwegian GC Riever, despite the fact that the first quarter saw a challenging business environment and new deficit for the offshore carrier.
Rieber Shipping has trimmed a big chunk off its half-year deficit compared to last year, shows the interim report. But the offshore carrier, where a new CEO is taking over today, does not think that rates are cause for optimism.
Following a USD 90 million deficit in 2016, the former Viking Supply Ships CEO Christian W. Berg will play a key part in turning developments around at Norwegian GC Rieber Shipping. ShippingWatch has interviewed Chairman Paul-Chr. Rieber about the opportunities facing the carrier.