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.

by KATRINE GRØNVALD RAUN

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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