This summer looks like a new disappointment for anchor handling vessels

There were expectations of a smooth summer and a particularly good July, after the fleet of anchor handling vessels lost billions in recent years. But the season looks set to disappointment.

Photo: Viking Supply Ships

After the Norwegian offshore sector has lost millions of kroner since 2014, many stakeholders hoped that the bottom had been reached and that things would now start to pick up again – with better rates and more work for the fleet, 100 vessels of which remain idled, according to local media.

But broker Gøran Røstad of brokerage firm Westshore reports that July has proved to be a "huge disappointment" for the market, with rates for anchor handling vessels (AHTS) of between DKK 130,000 -  DKK 150,000 daily (USD 20,200 to 23,300)  .

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