A supply vessel now costs the same as a cheap one-room apartment in Oslo

The selling price of four platform supply vessels from France's Bourbon was so low that it creates major uncertainty in the industry as to whether it is even possible to make money from divesting the ships.

Photo: PR/Bourbon Offshore

The sale of the last four Bourbon supply ships in the so-called Liberty series was no crowd-puller when their Chinese owner put them up for auction after summer.

On the contrary, interest was so low that the buyers the owner had hoped to see more of did not make a move until the price of one the otherwise fully functional offshore vessels from 2008 dropped to USD 280,000, or roughly what you might pay for a one-room apartment in Oslo.

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

Container vessels spend more and more days waiting off major ports

There are no signs that the congestion issues affecting major container ports near Los Angeles and Long Beach are on the verge of resolution. On a global level, the time spent in port for vessels has increased by 11 percent in the last six months, according to analyst firm.

CMA CGM hit by new cyberattack

CMA CGM has been hit by another cyberattack, resulting in a "data leak of limited customer information", informs the French carrier. A year ago, hackers brought down CMA CGM's website.

Stena Line to deploy electric ferries

By 2030 at the latest, Stena Line plans to deploy two electric ferries on the route between Sweden and Denmark. The ferries will be battery-driven, approximately 200 meters long and be able to fit 1,000-1,500 passengers.

Further reading

Related articles

Trial banner

Latest news

See all jobs