Norway's Golden Energy Offshore Services (GEOS) has reacted to a "severe" demand drop in the North Sea by laying up three of its ships — in a market described as being like getting hit by a car.
The shipowner, like most in the offshore sector, has been floored by the oil price plunge and coronavirus restrictions.
Is this worse than 2014/15? That was like being hit by a car that gave us some serious wounds, and now they have gone into reverse and hit us one more time just to make sure we are hurt.
