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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.

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