ShippingWatch

Nordic offshore companies impair fleet by half a billion dollars

Maersk Supply Service and Solstad Offshore are far from the only offshore shipping company obliged to book major fleet impairments last year. A report from Vessels Value shows that nine out of 14 of the major Nordic offshore operators have implemented write downs.

Although optimism has slowly started to return to the tormented offshore industry, the downturn of recent years continues to hurt in parts of the industry.

This will have a significant impact on several offshore carriers operating in Norway. Here, nine out of 14 offshore shipping fleets assessed by Vessels Values on behalf of ShippingWatch depreciated in value throughout 2018.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs