Prosafe believes in the North Sea in spite of loss

Norwegian Prosafe experienced a decline in 2014 compared to the year before, though the carrier noted an improved utilization rate in the period. The company still eyes possibilities in the difficult North Sea market.

by DANIEL LOGAN

Prosafe, the worlds largest hotel and service ship carrier, saw its net profit decline in 2014 compared to the year before. However the company did increase its utilization rate in the period and still sees possibilities in the tough North Sea market.

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Prosafe believes in the North Sea in spite of loss

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Offshore carriers suffering from low activity

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Front page now

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Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

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