Figures from market intelligence experts IHS show that 345 vessels were trading in the North Sea during the final week of October, a rise of 15 per cent from the same period in 2011 (298 vessels). Such a large rise has been caused by a significant amount of newbuild vessels, in particular large platform supply vessels (PSVs), being delivered into the market mainly from Norwegian shipyards during 2012. Of the 127 newbuild vessels delivered between January and the end of September, 27 of these ha....

Please login to read the rest of this story

Or click here to subscribe:

<< back