EnergyWatch

Blue Water's Kazakhstani cash cow nears its expiry date

Blue Water Shipping's major project in Kazakhstan is a significant growth driver in 2020 while several other divisions have struggled due to the coronavirus crisis. New orders in project logistics must be secured, chief executive Søren Nørgaard Thomsen tells EnergyWatch's sister media ShippingWatch.

Photo: Blue Water - PR

When Blue Water Shipping secured the first of four major contracts for an oil project in Kazakhstan in 2016, founder Kurt Skov described it as the highlight of his career.

But back then, Skov could not know that four years later, a global pandemic would spread around the world and rip out a large part of the company's business in just a few months.

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