BW Offshore reports growth in third quarter
BW Offshore made a profit of USD 15.6 million after taxes in the third quarter, when the company, according to CEO Carl K. Arnet, proved that its business model is working.
A little less than a year ago, offshore shipping company BW Offshore passed a milestone when one of its brand new ships, BW Catcher, produced first oil in the North Sea for a British oil company. And with a profit in the year's third quarter, the offshore company has proved how its business model is attractive, says CEO Carl K. Arnet.
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