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Former Topaz CEO projects tough elimination race among offshore carriers

Far too many ships, too much debt and too old-fashioned business models have forced offshore companies to their knees the world over, and only a few will survive in their current state, projects René Kofod-Olsen, longtime CEO of Topaz. In an interview with ShippingWatch, he offers his view on who could end up as winners and losers.

Photo: PR-FOTO

An amputated oil market and an all-out coronavirus crisis will throw offshore ship operators across the world into a de facto elimination race in the next couple of years, and this will split the players into winners and losers, projects René Kofod-Olsen.

He served as longtime CEO for Topaz Energy and Marine, which was later merged with P&O Maritime.

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