Offshore struggling despite oil recovery: "There are simply too many vessels"
Close to one fifth of the North Sea offshore fleet is stacked, and the tough times look set to continue even though the oil price has increased significantly. The same scenario applies globally. "There are simply too many vessels," says analyst.
The better days in the energy sector, which is benefiting from the highest oil price in years, do not necessarily help the offshore service ship operators.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Analysts want more Norwegian offshore ships stacked
For subscribers
Solstad Farstad expects low rates towards 2020
For subscribers
Prices on offshore vessels at rock bottom
For subscribers
