2020 over and out !February 2021
2020 was a very eventfull year, starting early with a market in change for the better. Since last quarter of 2019 all vessels secured employment, 20% above previous fixtures and reached 100 % fleet utilisation, a significant time in OOC's Offshore life.
In the past periods, the company survived the harsh marked conditions, but never faced insolvency, as so many other offshore vessels owners.
However Covid caused a massive crash in markets at the end of Q1 2020, causing termination of all contracts at that time and turned everything upside down. The fleet utilization just partially improved towards the year and from a general point of view the year 2020 was a year to forget.
Lehman was a piece of cake !
The fight goes on "WINNERS NEVER QUIT AND QUITTERS NEVER WIN"back to overview