Offshore carrier Esvagt, a subsidiary of Maersk, experienced significant improvements in 2013 with a total growth of 35 percent, according to Danish newspaper Børsen. The carrier achieved a USD 45.5 million profit in the past year, compared to USD 33.5 million in 2012.
But like several other players in the offshore industry, the company's CEO Søren Nørgaard Thomsen has noticed the announcements from the oil companies in recent months, and he thus believes that the towering growth rates for subcontractors in the North Sea are a thing of the past:
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