Offshore carriers suffering from low activity

Both Siem Offshore, Maersk Supply Service and Farstad - all of them supply carriers servicing the oil and gas industry - point to a weaker first half of the year than expected. Investments in the oil industry are not big enough.

Farstad skib

Siem Offshore, the nine year old competitor to Maersk Supply Service, Farstad and Solstad, has felt the strong effects of a reduced activity level in the oil markets - especially in the North Sea - in the first half of the year.

In addition to Siem Offshore on Thursday, similar statements have been made by Maersk Supply Service and Farstad, both of which published interim reports this week: The markets are weak and there is not much to expect from the next half of the year. Especially not from the North Sea.

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