Offshore owners probably have now seen the absolute worst of the deep industry crisis but the challenges are by no means over, according to Seacor Holdings chairman and chief executive Charles Fabrikant.
Fabrikant presented his market view last week in the annual shareholders’ letter, normally the one time each year that Seacor issues a broad outlook on its sectors.
“When making predictions, being conservative and wrong is forgiven as wise and prudent; being optimistic and wrong is often ridiculed as reckless and foolish,” Fabrikant wrote to shareholders.
