Solstad Offshore boss Lars Peder Solstad believes improving offshore markets must be served by the existing fleet.
The Oslo-listed company’s chief executive said in a fourth-quarter results report: “It is encouraging to see that, after years of depressed markets, there are signs of better times ahead.”
This is due to a combination of increased investment in oil and gas, a continued growth in offshore wind and a limited supply of new vessels, he argued.
