DNB sees offshore moving in the wrong direction

Prospects in the offshore market have only grown bleaker during 2020, says one of the world's top lenders to the maritime market, DNB. Lack of investments in new oil fields has become a new factor, says the bank in an interview with ShippingWatch.

Photo: DNB

When ShippingWatch interviewed DNB's newly appointed Head of Ocean Industries, Jan Ole Huseby, in May this year, the 42-year-old Norwegian was not exactly optimistic about the offshore sector.

At the time, challenges were piling up, such as the low oil price, imminent bankruptcies and a need for comprehensive restructurings.

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