Offshore

This is Kristian Siem's way to solve the Norwegian offshore puzzle

The conditions in Norwegian offshore have reached a stalemate because too many carriers refuse to face the reality and surrender some control. They should join forces before crashing into bankruptcy, says Kristian Siem, owner of Siem Industries, in an interview with ShippingWatch.
Kristian Siem has a plan for how the hard-pressed Norwegian offshore sector can achieve consolidation. | Photo: PR
Kristian Siem has a plan for how the hard-pressed Norwegian offshore sector can achieve consolidation. | Photo: PR
BY JOHANNES HARTKOPF-MIKKELSEN

Shipowners in Norwegian offshore should join forces in a collective company in which they maintain independent vessel operations but centralize the marketing, financing and ownership components.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs