Contract renegotiations strain offshore ship operators in the North Sea

The offshore shipping companies are renegotiating contracts on a large scale. In some cases rates in the North Sea are reduced by one third, estimates broker Clarksons Platou in an interview with ShippingWatch.
Photo: Darrin Zammit Lupi/Reuters/Ritzau Scanpix
Photo: Darrin Zammit Lupi/Reuters/Ritzau Scanpix

A new downturn for an already strained industry has in recent months forced a large number of offshore supply vessel operators to enter negotiations with their customers.

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