SAL Heavy Lift, the German subsidiary of Japan’s K Line, admits it has witnessed a tough 2015 and foresees a challenging 2016.
“[T]he low oil price created a steep downturn in the global offshore industry as well as leaving many projects deferred or cancelled,” the Hamburg firm said in a release.
“SAL foresees a continued challenged market in 2016 and predicts project carriers will have to toughen up to be capable of withstanding the fights that will inevitably come,” the carrier warned.
SAL’s coo, Toshi Yamazaki (pictured), hit out at his rivals for ordering ships speculatively. “It is my opinion that many have been built without thoughtful consideration,” he said.
