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    Around 60 vessels laid up in North Sea

    News // October 9, 2015

    Broker Westshore says around 60 offshore support vessels are now laid up in the North Sea. "As winter looms, even fewer opportunities are likely to present themselves so, logically, the number of layups is likely to grow even further," said the broker in its latest report on the market.

    "Nearly all the North Sea owners have taken the hit and put vessels into lay up now. One of the last to fall was Viking Supply, this month announcing it would be taking three of its PSVs out of the market. Idun, Nanna and Frigg Viking."

    As Westshore notes, there are savings to be made by grouping layups in one location. A skeleton staff can oversee the day to day on two, three or four vessels tied up in one location and this is partly the reason some owners have chosen to group laid up vessels. Westshore said the Viking trio appear to be headed for Uddevalla, a port on Sweden’s west coast.

    "Location for layups in a big consideration as costs vary significantly," the broker said. "We heard from one Mediterranean port that requests for quotes to layup rigs and vessels had come flooding in. This presented an opportunity for areas with quayside facilities where repairs and maintenance could be done – meaning they could up prices."

     

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