One in five offshore ships in the world are stacked

One in five supply ships are laid up and have been so for a long time in an industry where Maersk is looking to get rid of Maersk Supply Service, and the large-scale merger Solstad Offshore is working to settle comprehensive restructuring plan. The market remains "very difficult," a shipowner tells ShippingWatch.

Photo: Colourbox

More than four years after the oil price collapsed, there is still significant unemployment among supply ships in the offshore sector. Even though the price of a barrel of oil is now significantly higher, shows a survey performed by Vessels Value for ShippingWatch.

A little more than every fifth ship in sector is currently stacked, according to the survey, which registers the ships that have not sent an AIS signal for more than eight weeks.

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