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.