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    Owners need to start laying up anchor handlers too says broker

    News // September 8, 2015

    Broker Westshore has published an updated list of vessels in the North Sea that have been laid up, and says it thinks owners need to start laying up anchor handlers too.

    Since it last published the list, it has grown in size by around 20 per cent. "Some vessels have found alternatives
    to layup, such as Farstad selling Far Superior, finding work for Far Spica, GC Reiber selling Polar Prince and Solstad selling Normand Jarl," said Westshore. "Solstad this month confirmed that they were actively seeking to lay up a further ten vessels however. Other owners that have added vessels to this list are World Wide Supply and Deep Sea Supply. World Wide Supply has one confirmed and is expected to repeat this with another North Sea spot vessel.

    "Though by far and away the majority of vessels in layup are PSVs, the dire situation affecting anchor handers has reached critical levels for AHTS trading the UK market. At the end of August utilization was down to 15 per cent for
    UK based spot vessels.

    "If this doesn’t force the hand of AHTS owners into scaling back the number of vessels they have trading the spot market I don’t know what will," said the broker.

    At the time of writing several owners had no vessels in layup, some having been fortunate enough to have secured term work. 

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