Offshore

Lawyer: Buyers offer "ridiculous" prices for supply vessels

Buyers are offering to take laid-up ships off the hands of their ailing owners, however at a fraction of what the ships cost to build just a few years ago, says World Wide Supply's liquidator.
Photo: Modelfoto/Colourbox
Photo: Modelfoto/Colourbox
by OLE ANDERSEN

While millions of US dollars in unemployed supply vessels have piled up in ports and other locations along the Norwegian coast, buyers smell business opportunities and are making offers on ships far below the vessels' book values.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs