Newbuilding deliveries and an improving market will push Norwegian offshore owner Dof to a stronger set of results this year, its CEO says.
Mons Aase believes the company’s profitability is set for a major boost as the arrival of eight new vessels in 2012 takes its fleet to 71.
Writing in the company’s annual report Aase said: “The delivery of newbuilds implies a conversion of unemployed capital tied up in newbuilds into employed capital.
“I
