DNB is in its fifth year of working to restructure strained drilling and supply companies

Manjor bank DNB is currently not focusing on financing new transactions in the supply and drilling space but rather on restructuring the sector after a series of tough years. A large number of customers have undergone restructurings, Global Head of Ocean Services says to ShippingWatch.

Photo: Stig B. Fiksdal

It is no secret that it has been a tough few years for the offshore and drilling sectors, and with a new future around the corner, Norwegian bank DNB is busy helping the sector restructure debt and resetting balance sheets in the wake of the green transition.

Dag Klaveness, DNB's Global Head of Ocean Services, tells ShippingWatch that DNB is in the fifth year of working on restructuring the OSV and drilling space. He adds, however, that DNB has adopted a new approach in the last six to nine months.

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