Lorentzen & Stemoco presents at Gard’s Summer Seminar in Arendal

Marthe Lamp Sandvik

Marthe Lamp Sandvik, Head of Tanker Analysis at Lorentzen & Stemoco commented on the current state of the shipping and offshore market at the Gard Summer Seminar on Thursday 2nd of June.

A number of shipping markets will continue to be under pressure in 2016, but should start to see some recovery from the bottom of the cycle. (…) We also envision that a strengthening oil price and cost-cutting measures in the oil industry will help support the return of activity in some offshore markets as soon as 2017.