About the best any offshore owner can hope for in today’s downturn is to cover operational expenses (opex) from charters and not much else, DOF chief executive Mons Aase tells TradeWinds.
Oslo-listed DOF, which controls a fleet of 67 offshore support vessels (OSVs) and subsea ships, recently completed a restructuring in which it raised NOK 850m ($99m) from a rights issue, committed to repurchasing and converting bonds, and reduce amortisations on its bank loans.
“When
