Damen: Offshore crisis now hitting the yards

So far, shipyards have kept the offshore crisis at bay with the help of orders placed before the oil price plunged. But the last ships are now being delivered, and the next two years thus look challenging, the CEO of Dutch Damen tells ShippingWatch.

Photo: Damen Shipyards

A two-year crisis in the offshore sector seems to be winding down with an oil price that looks to have stabilized around USD 55.

But whereas the oil companies and their subcontractors are getting a breather, the trouble is only just beginning for the shipyards.

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