Deep Sea Supply planning further layups

Deep Sea Supply planning further layups

John Fredriksen controlled Deep Sea Supply has revealed in its third quarter results it expects to lay up more vessels.

The company said today that as a consequence of the weak market it will lay up vessels that do not have any fixed activity for the next months and that it expects the total number vessels laid up to increase from the current ten PSVs which are currently out of action.

The company also said it is working hard to further reduce operating expenses for the vessels that remain in operation.

In Brazil, Deep Sea Supply is expecting some good news with Petrobras taking action over 6 vessels which are currently blocked, with 4 of the blocks expected to be lifted.

For the third quarter, the company reported revenues of $33.6m with a pre-tax profit was $0.9m.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

Related Posts