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Offshore carriers in deep dive on the stock exchange

Nine listed Norwegian offshore carriers currently represent a combined market value of USD 653 million, which is 76 percent less than in the summer of 2014, reports Norwegian media Sysla.no. The low oil price has given the industry a thorough thrashing.

Photo: Siem Offshore

A solid USD 2.5 million a day. This is how much nine Norwegian offshore carriers listed on the Oslo Stock Exchange have seen their market value decline in the past two years.

Overall, the offshore carriers have plunged by a combined 17.1 billion Norwegian kroner, corresponding to about USD 2 billion.

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