Debt overshadows better markets for strained offshore carriers

The strained offshore shipping lines seem to finally be nearing the end of their draining crisis, writes analyst firm Fearnley. But debt remains a big burden for the companies.

Photo: Bloomberg/Bloomberg

The multiple-year crisis that have engulfed the offshore ship operators seems to have bottomed out.

But one problem in particular at several shipping companies overshadows the positive development, namely debt, writes analyst firm Fearnleys in a new report. 2019 brought higher average rates and considerably higher demand.

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