Perspective
22 March 2016
DOF Brasil swims against tide for Norwegian export credit
In:
Oil & gas
Region:
Americas, Europe
Despite the fall in crude oil prices having taken its toll on demand for offshore vessels over the past year, DOF Brasil recently signed a loan agreement with Norway’s export credit agencies (ECAs) to fund installations to a new pipelay support vessel (PLSV). The deal was labelled very much a "one-off" by one market source.
