(Mallorca): Deep Sea Supply, which itself has more than half the fleet in circulation, get a lot of inquiries about consolidation, writes Finansavisen.
- Many opportunities being presented to us, both individual vessels and companies, ” says ceo of Deep Sea Supply, Jon Are Gummedal, to the newspaper.
Get reviewed
Kjell Inge Røkke, Aker took the first step for consolidation in the offshore sector when it entered the Solstad Offshore and shortly after devoured Rem Offshore, and Kristian Siem shall be in discussions with Farstad Shipping.
John Fredriksen mentioned according to the newspaper, also as a possible konsolidator in the industry. As the largest shareholder of Deep Sea Supply, it is not inconceivable that he will use just this company in konsolideringsøyemed, if applicable.
- We have, of course, a strong shareholder that has indicated a certain willingness to participate in the consolidation, ” says Gummedal.
the Consolidation is being considered, but there is not any fremskredne discussions at this time. It comes to find the right “asset” or company, and at the right time. When this is said, is our main focus as management to deal with what we have – win contracts and bring down costs, says Deep Sea Supply boss.
Falling revenue
the Management of Deep Sea Supply has namely, according to the newspaper, more than enough to work with even. The company refinancing in the summer, but over half the fleet is in circulation and revenue is declining.
- We look to the challenges ahead. There is low activity, ratepress and get the opportunities to contracts, so it is a very difficult market, ” says Gummedal
Of the fleet of 37 ships, located around 20 in circulation. Of the remaining ships are 10 of the contract, with a total order backlog of to 53.5 million dollars exclusive options.
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