21/08/2015at 14:34

Prosafe takes big hit from oil downturn

Norwegian Prosafe is hit hard by the weak offshore markets in its second quarter interim report. Things will get better in the long run, says the company.

BY LOUISE VOGDRUP-SCHMIDT

The world's largest accommodation and service vessel carrier Prosafe is facing the harsh realities of the offshore market in the second quarter.

Already a subscriber?Log in here

Read the whole article

Get access for 7 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 today

Prosafe believes in the North Sea in spite of loss
For subscribers
Prosafe: Big uncertainties on the oil markets
For subscribers
Offshore carriers suffering from low activity
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Front page now

"We have seen some three-digit rates in some of the large east-west trades a couple of months back," says CEO of Hapag-Lloyd Rolf Habben Jansen on the loss-generating spot rates on the box market.

Container

Hapag-Lloyd sailing at deficits on several routes: "Spot rates are very, very low"

On several major trades, rates remain so low that carriers are losing money. And fuel has grown more expensive, says Rolf Habben Jansen.

For subscribers

Regulation

IMO marine director calls on carriers to keep up the pace: "Time is against us"

For subscribers

Carriers

French ferry operator blames wage dumping for plunging freight volumes

For subscribers

Regulation

World economy set for weak inflation-plagued recovery, OECD warns

For subscribers

Foto: Damian Dovarganes/AP/Ritzau Scanpix

Container

Cargo volumes across the Pacific hit six-month high

For subscribers

Suppliers

Oil extends drops as US supply rumors return

Hapag-Lloyd sailing at deficits on several routes: "Spot rates are very, very low"

On several major trades, rates remain so low that carriers are losing money. And fuel has grown more expensive, says Rolf Habben Jansen.

For subscribers

Logistics

C.H. Robinson appoints new CEO

The US-based freight forwarding major saw its previous CEO depart in January and has now tapped a permanent replacement with experience from Ford, Amazon, and Caterpillar.

For subscribers