ShippingWatch

2020 looks set to be a year best forgotten for the supply ship sector

Owners of offshore supply vessels must arm themselves with patience, and 2020 will likely be a year they will want to forget, as utilization will drop all the way down to around 20 percent, projects broker Fearnley Offshore Supply.

Photo: PR/Subsea 7

2020 looks set to be a year that the offshore supply vessel owners will just want to be done with.

The coronavirus and the collapse in the oil price earlier this year have made customers postpone projects and renegotiate contracts with the supply carriers on a large-scale.

Read the whole article

Get 14 days free access.
No credit card required.

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

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Long Beach logjam of container vessels grows to 80

Bottlenecks at major US container ports in continue to grow, with the ports of Long Beach and Los Angeles being the worst hit at the moment. Here, 80 vessels are waiting to berth, according to new figures form Vessels Value.

Further reading

Related articles

Trial banner

Latest news

See all jobs