Norway’s Dof group is not looking to take part in any big offshore merger.

CEO Mons Aase told the Finasavisen daily that the company is positive about consolidation in the struggling sector, but has critical mass with its own fleet of more than 70 ships.

Dof will instead look for specific companies or ships to expand its business.

Aase was reacting to John Fredriksen and Kjell Inge Rokke’s refinancing of Farstad Shipping and its intended merger with Solstad Offshore/Rem and Deep Sea Supply.

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