Unemployed ships filling up Singapore's waters

Several areas in Southeast Asia are filling up with idled vessels, particularly from the oil industry. In just one single bay, Norwegian carrier Wilhelmsen Ship Management has up to 60 vessels lying idle, reports Reuters.

Several areas in Southeast Asia are beginning to run out of space for the growing fleet of unemployed and idled ships and vessels, particularly from the oil industry. This includes Indonesian island Batam, a popular tourist spot just one hour’s ferry trip from Singapore, and which is now close to being fully packed with ships, writes Reuters.

One of the biggest vessel "parking lots", the bay of Brunei in the northern region of Borneo, is about to reach full capacity, while the local companies, who provide security and maintenance on board, are looking for new suitable areas.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Norden reshuffles management and dials up growth ambitions

Norden establishes a new business structure and a new senior management team. This will entail increased growth in the carrier's tanker pool and investments in port logistics for an annual USD 20-40 million, CEO Jan Rindbo tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs