Page 44: of Marine News Magazine (September 2017)

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MARKET SNAPSHOT

Offshore Outlook otwithstanding the recent surge in crude oil pric- than halved when compared to the same period in 2015. es, it isn’t lost on anyone that the offshore oil ex- If you are operating in the depressed bulker sector, that’s

Nploration business is, and has been for some time, one way to eliminate the glut of tonnage. On the other in the doldrums. In the U.S. Gulf, that pain can be seen hand, when comparing the 50 offshore vessels ordered in through Chapter 11