Rolls-Royce downgrades offshore by millions of US dollars

The engine manufacturer is facing up to the consequences of the tough offshore market and significantly downgrades its profit expectations for the company's 2016 offshore activities.

BY CHRISTIAN BARTELS

Rolls-Royce has accepted the reality of the offshore crisis and downgraded its outlook for demand in offshore marine by 5-20 percent, according to a company press release.

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