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    Henriksen: 2016/17 will be challenging years too

    News // November 25, 2015

    In an interview with Bloomberg news, Sturla Henriksen, CEO of the Norwegian Shipowners Association, says 2016 and 2017 could be very challenging years for the offshore vessel sector.

    “The worst is still to come,” Mr Henriksen, said in the interview. “2016 and 2017 will be very demanding years.”

    The number of stacked floating drilling rigs, a key indicator for the whole fleet, will double to about 20 by next summer, Mr Henriksen told Bloomberg.

    Although a recovery is inevitable as the world will need oil and gas “for generations to come,” he said it was “anybody’s guess” whether it will start in 2017, 2018 or even 2019.

    You can find the article in full at:

    http://www.bloomberg.com/news/articles/2015-11-22/norway-s-offshore-fleet-in-for-more-pain-as-100-vessels-stacked

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