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BW Offshore scales back new investments

BW Group's offshore carrier BW Offshore maintained its hard-won profit on the bottom line in the third quarter, but the market remains strained going forward, says the company in financial report.

Photo: PR-foto: BW Offshore

BW Offshore was able to sustain a profit on the bottom line, which the company recovered in the second quarter of this year for the first time since 2015.

Revenue for BW Offshore was USD 152.7 million in the third quarter, slightly lower than the same period last year, where revenue was USD 159.6 million.

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