North Sea winter gives offshore sector a short breather

Oil Companies' preparations for winter in the North Sea have given the beleaguered owners of supply ships a little breather, although it may prove short-lived, reports analyst firm Clarksons Platou Offshore.

Photo: Maersk Supply Service

Oil companies are preparing for worsening weather conditions in the North Sea winter, sending spot rights up for both anchor handling vessels, AHTS', and Offshore Supply Vessels, so-called OSVs, according to analyst firm Clarksons Platou Offshore in its latest update on the global offshore market.

As such, owners on both sides of the North Sea have been given a small breather amidst the deep crisis triggered by the low oil price in the global offshore market.

Read the whole article

Get 14 days free access.

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

  • 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

Ørsted wants Maersk as customer in green methanol project

Energy company Ørsted has just bought 45 percent of Swedish Flagship One, which is set to produce green methanol for the shipping industry as of 2024. Ørsted's head of hydrogen wants Maersk as customer in the large scale project, he tells ShippingWatch.

Singapore names its biggest bunker suppliers

TFG Marine, a bunker company founded by two John Fredriksen-controlled carriers and commodity trader Trafigura, is among the five biggest bunker suppliers in Singapore in 2021. See the list here.

Record number of ships passed through Suez in 2021

Despite the blockage in the Suez Canal during spring of last year, the crucial waterway set a record for the number of ships passing through in 2021, reports Bloomberg. The canal is expected to complete an expansion by the middle of next year.

Further reading

Related articles

Latest news

See all jobs