Oslo Likes Offshore

The Norwegian investors like offshore. With Norwegian interests responsible for half of the 21 jack-ups ordered over the past six months, and four semi submersibles on spec, it can’t get any hotter than this. Mr. John Fredriksen is investing some of his excess cash into the rig market, and we see new companies being formed to benefit from the expected growth. To accommodate this, it follows that there are also new supply ship companies being formed out of Norway.

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