Providing some relief for hard-pressed OSV owners, Norway’s industry minister has just announced that all laid up OSVs in the country will not have to pay any licence fees.
Typically, these licences cost around $4,000 a year.
Norway’s OSV sector has been among the hardest hit in the world with vast numbers laid up.
The North Sea term rate for an AHTS 20,000+ BHP, as an example, averaged $16,800 day last year according to Clarkson, down 52% over 2014.