Siem Offshore urges banks to push for needed consolidation after deficit
Banks should to a higher degree use their position to spearhead a consolidation among strained offshore carriers, says Siem Offshore, which has just presented a deficit for the first quarter. The industry faces another downturn, probably worse than previously.
Offshore shipping companies had just caught a whiff of slightly improved market conditions when the coronavirus outbreak and oil price collapse swept cautious optimism off the table again.
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Coronavirus and debt increase uncertainty for Siem Offshore
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