ShippingWatch

Tracking down PSVs in North Sea has proved challenging

At present, there are almost no available supply ships in the North Sea, leading daily rates to soar for market players that have been under pressure for a period of years. Offshore analyst Jesper Skjong expects a further recovery in the beginning of next year, he tells ShippingWatch.

Photo: Norges Rederiforbund/Norwegian Shipowners' Association

At the moment, it's difficult to find available platform supply vessels (PSVs) in the offshore market, as a result of which the spot rates have reached high levels in both the Norwegian and British parts of the North Sea.

Everything seems to indicate that the trend will continue for the sector, which has been under severe pressure for several years, according to analyst Jesper Skjong.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
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

Growth prompts OSM to send 150 managers on a leadership course

An equal approach to management and a desire to be more aligned are some of the reasons why OSM is sending both top and mid-level managers on a custom-made leadership course. ShippingWatch has spoken to OSM’s new chief culture officer about the initiative.

MSC, Lufthansa mull acquiring Italian state aviation firm

The world’s largest container line, MSC, and German aviation company Lufthansa have offered to take over Italian state airline ITA, the former Alitalia. MSC and Lufthansa have requested a 90-day exclusivity period to closely examine ITA.

Further reading

Related articles

Latest news

See all jobs