Where is MRM going?, page-216

MMA not alone, "Norway's Farstad Shipping has racked up a loss in the third quarter in depressed offshore markets. The company said its net deficit to 30 September was NOK 435.33m ($50.39m)"
"Our general market outlook has not changed significantly in the last quarter. All regions and markets are characterized by pressure on rate levels due to substantial tonnage surplus and expected rate reductions from the oil companies. The market challenges for the industry have resulted in an increasing number of offshore service vessels being laid up in the quarter. Low oil price and the strong focus on cost reductions in the offshore industry means that there is not expected to be any growth in the activity level offshore in 2016. Hence, there is also not expected to be any short-term improvements in the market conditions in our key markets. The contracting activity has stopped, but there is still a significant number of offshore vessels on order."