BW Offshore scales back new investments

BW Group's offshore carrier BW Offshore maintained its hard-won profit on the bottom line in the third quarter, but the market remains strained going forward, says the company in financial report.

BY LOUISE VOGDRUP-SCHMIDT, SHIPPINGWATCH

BW Offshore was able to sustain a profit on the bottom line, which the company recovered in the second quarter of this year for the first time since 2015.

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