ShippingWatch

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.

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