Kvaerner peers into highly uncertain market

The Norwegian subcontractor Kvaerner noted a decline in operations as well as orders in 2015, and both 2016 and 2017 look particularly uncertain, says the company. A solid cash balance will put the company in a better position than competitors, the company estimates.

Norwegian Kvaerner ASA ranks, along with Aker Solutions and a few others, among the strongest Norwegian subcontractors to the Norwegian offshore industry in a market, which is currently under a historical amount of pressure.

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