Watch: This Is Why Biden’s $2 Trillion Infrastructure Plan Will Fail
In the United States, we have a problem that’s so BIG and obvious that even Elon Musk can’t see it. Our highways are broken, our streets are clogged with traffic,...
Norwegian offshore vessel owner Havila Shipping ASA says it has decided to lay up two anchor handling tugs (AHTS) amid weakened demand for offshore vessels driven by low oil prices.
The vessels impacted are the Havila Mars and Havila Neptune. Havila Shipping says the lay ups will lead to layoffs for the crew of the vessels.
“The decision is made as a consequence of the actual market conditions,” Havila Shipping said in a statement Monday announcing the lay-ups. “The company does not expect that the market will improve in short- or medium-term. The main challenge is the supply side, and this measure will have a positive effect on this. The lay up will take place as soon as cost savings can be achieved.”
According to its website, Havila Shipping operates 27 vessels within subsea construction, anchor handling, platform supply and multi-field rescue recovery services. The fleet is comprised of 5 AHTSs and 14 platform supply vessels, all 14 which working under long-term charter contracts lasting through at least March 2016.
Join the 67,502 members that receive our newsletter.
Have a news tip? Let us know.