Shipowners: Not all offshore carriers will survive

Several members of the Norwegian Shipowners' Association are doing all they can to survive in today's market. But not everyone will make it through the crisis, says CEO Sturla Henriksen.

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The number of idled ships along the Norwegian coast has increased significantly during the year, and not all offshore carriers will make it out of the crisis alive, predicts the Norwegian Shipowners' Association's CEO Sturla Henriksen in an interview with TDN finance according to Norwegian daily Dagens Næringsliv.

"We have gone from a situation with zero idled vessels at the beginning of the year to 100 before the year is out. Earnings are what they are, and that's far too little compared to the capacity in the fleet," he says.

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