DNB: Offshore rehabilitation could stretch into 2020
With a combined lending exposure of USD 6.7 billion in offshore, DNB feels the downturn in the sector big-time. Global Head of Shipping and Offshore, Kristin Holth, projects that the industry will have to get beyond 2020 before it finds a new foothold, she tells ShippingWatch.
BY TOMAS KRISTIANSEN
With no less than USD 6.7 billion in lending exposure to the offshore sector, major Norwegian bank DNB is one of the foremost players feeling the downturn in, first, the oil price, and since then the crisis among the many carriers and suppliers to the offshore sector.
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