Decline in gross freights for ocean transport
(WorldNews Norway)

Lower activity following the lay-up of offshore vessels caused by the dramatic situation in the offshore market, with volatile oil prices and overcapacity of ships which continued in 2016, largely explains the reduced total gross freights for ocean transport in 2016. Operating profit for the industry decreased by NOK 6.6 billion, to NOK 15.4 billion in 2016. The operating margin was 10.9 per...