The downturn in oil companies' investments in the North Sea is evident in the level of occupation of British and Norwegian PSVs (Platform Supply Vessels), where 30 ships are currently without employment in the spot market, reports Norwegian news site maritime.no.
"And in this number, we're not counting the nine supply ships that are idled in Norway, or the numerous other vessels that are idled in the UK," says analyst Inger-Louise Molvær from the broker company Westshore to maritime.no.
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