Broker Westshore has revealed gloomy prospects for a beleaguered offshore shipping sector as the number of operational rigs drops further.
It said it is almost certain that 2016 will see a reduction in platforms on hire, with the UK market looking the most vulnerable.
The company said the worst-case scenario for the UK - where no new contracts are awarded and no options are taken up - would mean a 44% fall in working rigs.
Even
