Offshore

Offshore carriers prepare for tough six months ahead

Carriers servicing oil companies in the offshore sector are idling ships in efforts to handle the tough conditions in the sector. The rates could return to financial crisis levels, says Platou.
Photo: Viking Supply Ships
Photo: Viking Supply Ships
BY KATRINE GRØNVALD RAUN

Numerous offshore carriers such as Solstad, Farstad and Island have already announced plans to idle seven ships and lay off 200 employees, and several other carriers could follow, estimates Norwegian Platou Offshore according to newspaper Finansavisen, reports Dagens Næringsliv.

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