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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

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.

"We were offered a shameful bid of five million Norwegian kroner [USD 58 million] for a vessel built in 2013," says lawyer and liquidator in the carrier World Wide Supply, Aage Figenschou, to Norwegian business daily Dagens Næringsliv.

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