Robust global demand for offshore accommodation has been more than outpaced by heavy fleet growth and now sector participants are facing falls in day rates of “at least” 20% to 30%, say analysts.
In gauging the prospects for Oslo-listed Prosafe this week, Pareto Securities has outlined the “significant challenges” in the overall accommodation sector. Its analysts underscore the intensely rising competition amid a backdrop of postponed projects and heavy cost restraints among clients.
Weakened
