The offshore charter market in the North Sea throughout January and February 2020 was dominated by very unhelpful weather. Storms trapped OSVs in port and those that ventured out on cargo runs and rig moves found activity delayed for hours or days until conditions calmed sufficiently to allow ...
Meanwhile, the Norwegian Shipowners’ Association puts the number of offshore supply vessels and drilling rigs in layup during 2017 at 183, or almost one-third of the Norwegian offshore fleet. But, that number had shrunk to 162 vessels by February of this year. And, there was more good ne...