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Analysts want more Norwegian offshore ships stacked

More than one in five Norwegian carrier-owned ships are already stacked, but that figure should be much higher, an analyst firm tells Sysla.

Norwegian offshore carriers have already idled many ships in recent years due to the offshore sector's crisis in the wake of the oil price plunge in 2014.

The five largest Norwegian offshore companies have combined stacked 68 of 294 vessels, Norwegian media Sysla recorded – and that figure should be much higher, says Inger Moy, offshore analyst at Westshore Shipbrokers.

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