July’s welcome improvements in the North Sea spot markets are a false dawn in the dark night of downturn, and the coming winter will be tough on offshore shipowners, according to Westshore Shipbrokers senior analyst Inger-Louise Molvaer.
The recent strengthening appears to have already attracted some vessels from other regions to trade spot in the North Sea, where at least 97 offshore support vessels (OSVs) are in layup.
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