The financial collapse of Hermitage Offshore Services is a significant event, not least because it involves some of the top figures in shipping.

Hermitage itself is a new name in the offshore support vessel sector but a highly respected one and certainly everyone knows Emanuele Lauro, Robert Bugbee and Herbjorn Hansson.

The creation of Hermitage was always a bet for the Scorpio shipping team, but understandably no one predicted a pandemic.