Norwegian offshore carrier Deep Sea Supply took a hit in the third quarter due to more idle vessels and continued unsustainable rates in the offshore market. The company does not expect any improvement in the short and medium term.
BY DANIEL LOGAN BERG-MUNCH
Deep Sea Supply, which primarily operates offshore vessels in the North Sea and Brazil, experienced continued decline across its businesses in the third quarter of 2015.
Belgian shipping family Saverys acquires additional shares in Euronav and now only needs a small increase of its equity position to block a full merger between the tanker operator and rivaling company Frontline.