US-listed GulfMark Offshore says its ships of more than 15 years old are receiving offers, some as low as 25% of book value, but no buyers are in the market for newer, larger vessels.
This confirms indications from offshore brokers who say older tonnage is being sold into places like India (see ONGC, below).
According to GulfMark president and chief executive Quintin Kneen in a conference call this week on the owner’s earnings, GulfMark is actively seeking to liquidate as many unwanted assets as it can in 2016.
