Bank loans are becoming a headache for drilling companies: "It is a concern"

The CEO of Odfjell Drilling says bank loan requirements for the drilling industry have become far too strenuous. Banks are continuing to withdraw from oil, as "many companies are still in a challenging situation", says one Nordea leader.

by astrid sturlason, shippingwatch, translated by catherine brett

Obtaining a bank loan has become a demanding task for Odfjell Drilling and CEO Simen Lieungh.

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