Major supply ship operator points to upwards of 700 demolition candidates

Siem Offshore and US-based Tidewater both see a big need for thinning out the global fleet of supply ships. As many as 700 ships could end up being scrapped, Tidewater projects.

by SØREN PICO

A significant portion of the global fleet of supply ships must be scrapped before the market can move in the right direction for the strained offshore ship operators.

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