Norway's Offshore Shipping Sector Faces Bleak Year
Norwegian companies that provide supply ships and drilling rigs to the global oil industry face a bleak year ahead as contracts disappear and financing options dwindle in the face of weak global crude prices. They could increasingly be forced to sell or write down the value of assets, cut jobs and tap shareholders for cash to weather the downturn, according to industry experts. This would herald more pain for Norway, where the overall oil sector accounts for about a fifth of the economy and unemployment is rising…
Deep Sea Supply takes Delivery of 'Sea Triumph'
The Deep Sea Supply took delivery of the newbuilding Platform Supply Vessel 'Sea Triumph' on Thursday 18 September. The vessels 'Sea Triumph' is a STX 05-L design built at Cochin shipyard in India. Main characteristics of the vessel are; 4.100 dwt, 810 m2 deck area, clean design and diesel electric propulsion. Following the delivery of 'Sea Triumph', Deep Sea Supply has 15 AHTS vessels and 24 PSVs in operation, in total 39 vessels. This information is subject of the disclosure requirements acc.
