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.

Photo: PR

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Ane Uggla calls for policymakers to act on CO2 emissions

Ane Uggla, chair of the A.P. Moller Foundation, which is behind the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, calls for political action regarding CO2 emissions a few weeks before the next meeting in the IMO’s climate committee, MEPC.

Further reading

Related articles

Latest news

See all jobs