DOF and Havila: This is why we will survive in a tough market
The two Norwegian offshore carriers DOF and Havila have taken serious blows during the downturn in the Norwegian offshore industry, and the hits continue. Their plan for survival is a three-pronged strategy in DOF's case, and for Havila it is a matter of serious cleanup.
BY LOUISE VOGDRUP-SCHMIDT
It has been, and it will continue to be, a couple of rough months for the two major Norwegian offshore carriers DOF and Havila.
Rising oil prices and major profits at energy companies come at an opportune time for suppliers. Analysts expect the otherwise strained offshore carriers to begin ordering more ships in 2023, with Prosafe’s CEO reporting ”optimism in our field.”
Harald Solberg, CEO of the Norwegian Shipowners’ Association, fears that the green energy transition will move too slowly if policymakers don’t take further action soon, he tells ShippingWatch. Two initiatives in particular are necessary, he says.
The Norwegian-Swedish company closes the second quarter showing a decreased net result but expects the rest of the year and the beginning of 2023 to be much better. CEO Lasse Kristoffersen says cargo volumes will grow as more cars, trucks and excavators will be produced.
DFDS and P&O Ferries are sharing ferry capacity on the English Channel – even though French competition authorities have yet to approve such an arrangement. British authorities have green-lit the deal.
Rates on refrigerated containers, or reefers, have increased by 50% in the second quarter compared to the same period in 2021, with growth set to continue in the third quarter. 2023, however, will see rates slowly declining, forecasts consultancy Drewry.