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Swire Blue Ocean: Recovery postponed to 2019

2015 was a satisfying year for Swire Blue Ocean. The market has taken a little dive in 2016 which means results will not be nearly as good as last year's, says CEO Lars Blicher to ShippingWatch. Once again, important projects have been pushed further into the future.

Photo: Swire

The market for offshore wind has been a bit of a roller coaster for several players and the beginning of 2016 saw the market, once again, take a downward turn, explains Lars Blicher, CEO of offshore carrier Swire Blue Ocean, which in 2015 turned a deficit of USD 5.2 million into a profit of USD 17.2 million.

When we built the ships we banked on 2015 being a year in which we would be up to our necks in projects"

Lars, Blicher, CEO, Swire Blue Ocean

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