Rolls-Royce spreads out business after hard blow in offshore

Rolls-Royce Marine is hard hit by the crisis in offshore, which has constituted almost 60 percent of revenue at the Marine division. Now business will be spread out and preparations made for the next offshore boom, says President of Rolls-Royce Marine, Helge Gjerde, to ShippingWatch.

It was a hard blow for Rolls-Royce, when the offshore crisis really started to make its mark in the second half of 2015, where Rolls-Royce Marine warned of 600 layoffs in Norway. Actually the blow was so hard, that as early as the third quarter interim report in 2015, the forecast for offshore was downgraded for 2016, by an amount approximating USD 150 million.

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