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Up to 500 supply vessels ought to be scrapped

Of a global fleet of 4,000 PSV and AHTS vessels, upwards of 500 should be scrapped, according to Fearnley Offshore Supply. Severe overcapacity of supply ships remain an obstacle to an upturn in the sector, where Norwegian players in particular are plagued by towering debt.

Photo: Colourbox

OSLO

A significant portion of the world's supply vessels need to be scrapped before shipowners will see an actual recovery in the pressured industry.

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