Eidesvik sees challenging PSV market in winter with improvement in spring

first_imgNorwegian shipping company Eidesvik Offshore expects a challenging market for platform supply vessels this winter but sees an improvement coming in spring next year. Eidesvik’s Viking Princess vessel. Photo by Alan JamiesonEidesvik said in its 3Q 2018 report on Wednesday that it had seen a positive development in the rate level for larger PSVs for medium to long-term contracts in 2018. However, the spot market has been weak in the North Sea lately. Therefore, Eidesvik expects a challenging market in the coming winter, but a stronger market from spring 2019.“We believe in a gradual market recovery for large PSVs in a long-term perspective due to more rigs in work and the increasing exploration activity,” the company stated.Balance in subsea market to take time On the other hand, there is a considerable activity and contract awards to the large subsea entrepreneurs in the subsea segment, but much of this work will start in later years. It will still take some time before the market for subsea vessels is in balance.“We believe in a market recovery starting 2020, and our medium to long-term perspective remains positive for this segment,” Eidesvik stated.Increase in seismic spending In the seismic segment, Eidesvik sees an increase in seismic spending year on year and also an increase in the late sale of multi-client seismic. The seismic market is in a considerable change with a concentration of vessels on fewer owners.“We believe this will result in new opportunities for owners of seismic vessels, and we are positive to the seismic market in the future. The Ocean Bottom segment remains active and has shown signs of improvement so far this year,” the company concluded.Eidesvik said that its third quarter 2018 result was affected by low rates in all three segments, which include supply, subsea, and seismic.Namely, the company’s revenues dropped to NOK 118.3 million in this year’s third quarter from NOK 157 million in the prior-year period.Eidesvik sank to a loss of NOK 71.7 million in 3Q 2018 from a profit of NOK 32.3 million in the same period last year.Offshore Energy Today Stafflast_img read more

Giannis ready for ‘toughest’ ever NBA challenge

first_img Promoted Content8 Superfoods For Growing Hair Back And Stimulating Its Growth7 Universities Where Getting An Education Costs A Hefty Penny5 Reasons To Wait For The Solo Black Widow Movie7 Reasons It’s Better To Be A VeganCouples Who Celebrated Their Union In A Unique, Unforgettable Way6 Incredibly Strange Facts About HurricanesA Hurricane Can Be As Powerful As 10 Atomic BombsYou’ve Only Seen Such Colorful Hairdos In A Handful Of Anime13 kids at weddings who just don’t give a hoot10 Risky Jobs Some Women DoWho Is The Most Powerful Woman On Earth?7 Universities In The World Where Education Costs Too Much As 22 teams prepare to head for Orlando for the NBA’s restart on July 30, some critics have argued that the four-month pandemic shutdown means there will forever be an asterisk against the eventual winners.Antetokounmpo, however, is in the opposite camp insisting that the unique circumstances of the campaign make it the “toughest” NBA championship in history to claim.“I feel like a lot of people say that there’s gonna be a star next to this championship,” reigning NBA MVP Antetokounmpo said on a conference call according to ESPN.“I feel like, at the end of the day, this is gonna be the toughest championship you could ever win – because the circumstances are really, really tough right now. So, whoever wants it more is going to be able to go out there and take it.”NBA teams playing in Orlando will be kept in a “bubble” at Disney World for the remainder of the season, with limited family contact during this time, according to reports.Antetokounmpo believes that will only add to the challenge over the final months of the season.“I feel like, as I said before, this is the toughest title,” Antetokounmpo said. “Obviously, you go somewhere without your family for four months, three months, and you haven’t played basketball for three-and-a-half, four months.“Obviously, whoever team wants it more, has gotta be mentally prepared for all the situations and gotta go out there and execute.“Whoever wants it more, whoever is mentally prepared for all this, what’s going on in Orlando, that’s the team that’s gonna come out on top.”Antetokounmpo meanwhile is unfazed by the escalating coronavirus situation in Florida, where cases have skyrocketed in the weeks since the NBA confirmed its return to action.“Everybody has concerns about their health,” he said. “Nobody wants to put themselves in risk out there, but at the end of the day, that’s what the NBA chose, and we’re gonna resume the games, and we’ve all gotta do our job.Giannis Antetokounmpo says winning this year’s NBA championship will be harder than everRead Also: West Ham stun Chelsea, Aubameyang fires Arsenal revival“And my job is to play basketball and go out there and support my teammates, and represent the city. But for sure, I think me, my teammates, my family – especially my mom – everybody has concerns about our health, and my health.”The Bucks head into the restart as the favorites to reach the NBA Finals from the Eastern Conference. The Bucks led the East by 6.5 games when the season was halted in March, with a record of 53 wins and only 12 losses.FacebookTwitterWhatsAppEmail分享 Milwaukee Bucks star Giannis Antetokounmpo believes winning this season’s NBA crown will be harder than ever, dismissing suggestions a championship victory will be diminished by the coronavirus shutdown.Advertisementcenter_img Loading… last_img read more

Heisler: Will we ever see the real Team LeBron vs. real Team Steph again?

first_img Paul George just the latest homegrown star to feel Lakers’ love in free agency Now to see if there’s one installment left in that Warriors-Cavaliers act you’ve known for all these years.The NBA’s roll continued with a competitive All-Star Game – or at least one with some defense, if that can be said of Team LeBron’s 148-145 victory over Team Stephen – with TV ratings that didn’t drop too much.Given the fact that all-star games compete in an increasingly bored climate, sending this event to cable, it qualified as a triumph, winning the night for TNT with a 2.8 rating. No. 2 was the tip-off lead-in show at 1.4. Of course, the main competition was only Bravo’s “Real Housewives of Atlanta” which was No. 3 at 0.9.Fittingly – and hardly coincidentally – the captains were LeBron James and Steph Curry, the faces of the marquee rivalry that has taken the NBA Finals to its three best TV ratings since 2004. Heisler: Lakers don’t trust the process, they live to short-cut it Oram: LeBron James steps up to win MVP and spares us another indefensibly sterile All-Star Game If narratives drive ratings, like baseball’s invaluable “curses,” the NBA’s new age rivalry has been a gift, matching the wildly popular Steph and his free-wheeling Warriors against LeBron, the league’s grand old man and leading spokesman at 33 in his 15th season.Once rivalries needed glamour markets like the Lakers-Celtics, the granddaddy of them all. In the internet era, with personality transcending locale, this matches ugly duckling markets now known affectionately as “The Land” – Cleveland, once known for its flaming Cuyahoga River – and “The Town” – Oakland, of which novelist Gertrude Stein noted, “There is no there there.”It’s plain which team has been best: Playing in the deeper conference, the Warriors won 67, 73 and 67 regular-season games to the Cavaliers’ 53, 57 and 51, a 46-game gap in the aggregate standings.The Cavs won the East only once in the past three seasons, but, happily for the NBA, more than held up their end at the end.In the 2015 Finals, the Cavs took a 2-1 lead before the Warriors won the last three to close them out.In 2016, the Cavs lost Games 1 and 2 by 38 points combined but ultimately became the first team to rally from a 3-1 deficit to win an NBA Finals.Unfortunately for the Cavs, the Warriors then reloaded last season, signing Kevin Durant and running them over, 4-1.Little good has happened for the Cavaliers since. Kyrie Irving demanded the trade that sent him to Boston for Isaiah Thomas, who was then dealt to the Lakers. The Cavs also got the Nets’ No. 1 pick to help rebuild when their halcyon LeBron Era ends, which looks like it’ll be soon.Not that anyone can be sure what LeBron will do. He has always waited until the end to assess his options – then shocked everyone, leaving Cleveland for Miami in 2010 and Miami for Cleveland in 2014.On the other hand, James and his Cleveland-based people look like they’re up to something … or have millions to throw around on real estate whims, or both.LeBron’s agent, Rich Paul, just bought a $3 million home in Beverly Hills. Marketing point man Maverick Carter bought one in the Hollywood Hills for $3.5 million. Befitting his status as “The King,” LeBron bought one in Brentwood in December for $23 million.Once LeBron acted and the world reacted. This time the world is making its own plans ahead of time.It seemed puzzling that Irving, who hit the title winning-shot in Game 7 in 2016, would want to leave … unless you factor in the likelihood of LeBron leaving this summer, abandoning Kyrie to rebuild if he had stayed.Cavaliers owner Dan Gilbert no longer panders to LeBron, looking similarly intent on not being left high and dry when/if LeBron leaves. Despite their supposedly go-for-it moves at the trade deadline, they turned down all offers for that Nets’ No. 1 pick, holding back an invaluable piece for the future.Golden State has no problems but is feeling the toll of going all-out while the Cavs coasted, highlighted by its 2016 stretch run to finish 73-9 with Curry missing three games all season, Klay Thompson two and Draymond Green one.This season, Curry has already missed 14, KD eight. Even the gung-ho Draymond has missed eight.So what if they don’t get home-court advantage? Phil Jackson and Gregg Popovich, mentors to Coach Steve Kerr, led the who-cares movement, opting to bring rested teams into the playoffs and take their chances on winning a road game.Related Articles Kerr, the former Chicago Bull, compares this to the 1997-98 season when they won their sixth title in eight seasons, looking not only worn down but disinterested.Scottie Pippen delayed off-season surgery until August, saying he didn’t want to ruin his vacation, and he wasn’t back until January. Dennis Rodman left the bench in a playoff game after Jackson took him out of the starting lineup, obliging Phil to send someone to find him.“We hit a wall in ’98,” Kerr said. “You could feel it, exactly what I’m talking about (now), you could feel us losing focus, losing momentum. …“(This All-Star Weekend was) by far the most-needed break for any team I’ve ever been a part of – GM, coach, player. … I’ve never felt a situation like this where it felt so necessary to get away for a little bit.”Now to see if recent NBA history repeats itself one last time. If not, it was fun while it lasted. Heisler: Lakers get their newest, littlest franchise player AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersIt’s hardly a given they’ll be back, with the Warriors trailing the Rockets, who own the 2-1 season series tie-breaker and Cleveland six games out of the top seed in the Eastern Conference, scary even for the notoriously late-arriving Cavs.Not that it would be a surprise to see the Warriors pull away and the Cavaliers come out of the East – as the Cavs did last spring after tying for No. 2, sweeping the Raptors, 4-0, and running over the Celtics, 4-1.The races are such an afterthought, Nate Silver’s Fivethirtyeight.com took a look at the contenders – except the Cavaliers and Warriors.The Cavs, it said, had made too many changes to assess.The Warriors rated six words: “Out to lunch. Come back in June.” Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more