ShippingWatch

Number of idled Norwegian vessels declines again

The number of idled vessels in the Norwegian fleet peaked last year. 2018 looks better for the vessels, while many rigs are still stacked, shows a study from the Norwegian Shipowners' Association.

Photo: Norges Rederiforbund

The oil price decline and subsequent crisis for Norwegian offshore shippers resulted in an increasing number of idled vessels from 2014 going forward.

However, the number of vessels taken out of operations peaked in 2017, shows a new report from the Norwegian Shipowners' Association. Last year, 183 vessels and rigs were idled, while the number for February this year was 162, corresponding to a decline of just 12 percent.

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