DNB: Oil companies could reduce plans for newbuildings
The oil companies' investment slowdown could halt the demand for newbuildings, for instance supply ships, thus preventing another boom, says Kristin H. Holth, Global Head of Shipping, Offshore & Logistics at DNB.
BY KATRINE GRØNVALD RAUN
No matter how bad something is, there is bound to be someone, somewhere, who stands to benefit from it, they say. And this is how major Norwegian bank DNB feels about the oil industry's collective decision to scale down investments in the coming year, a consequence of higher costs and reduced revenues.
Already a subscriber?Log in here
Read the whole article
Get access for 14 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
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
DNB expects significantly lower oil price in 2014
For subscribers
Major Norwegian bank points to improvements in shipping
For subscribers
.jpg&w=384&q=75)
