Report: Norwegian offshore carriers lose 4.2 percent this year

The Norwegian offshore carriers will, for the first time since 2002, not grow, according to the Norwegian Shipowners' Association. "We must prepare for hard times," says Sturla Henriksen, CEO of the association, to Dagens Næringsliv.

Photo: Farstad Shipping

The offshore service ships have, since 2002, performed very well in the Norwegian shipping sphere. But the growth will not continue this year, says Norges Rederiforbund (Norwegian Shipowners' Association) in a new report that was presented to the Norwegian government on Wednesday, according to the Norwegian newspaper Dagens Næringsliv.

The report shows that the offshore service carriers are expecting a  4.2 percent drop in revenue this year - the first decline in 13 years. Meanwhile three out of four carriers expect that their operating results will decrease this year, and the carriers are generally more negative when looking ahead and considering the situation on the foreign exchange markets.

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