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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
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

Business profile leaves Bunker Holding

Bunker Holding loses prominent board member, who is former partner and executive in private equity firm EQT and who furthermore leaves the board in Uni-Tankers. Two new members join the board.

Further reading

Related articles

Latest news

See all jobs