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Supply carriers approach brighter days but still struggle with ships in layup

Rates are soaring, demand is increasing, and there are few available ships on the offshore market. However, hundreds of supply vessels are still in layup, and they will probably stay there for a good while to come, predicts one analyst.

Photo: Norges Rederiforbund/Norwegian Shipowners' Association

After years of dead water, offshore carriers are currently busy fulfilling the high demand for supply vessels in a market characterized by few available ships – despite the fact that hundreds of ships are in layup, awaiting scrapping.

It’s a bad idea to send ships along for scrapping, even though the vast majority of the vessels in layup will most likely never be used again.

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