Island Offshore lays up PSV pair

Island Offshore has said that it is laying up platform supply vessels Island Dragon and Island Duchess with immediate effect.

Island Dragon has been taken out of operation with Lundin at the Edvard Grieg field, to be replaced by Island Commander due to the need for a larger deck capacity.

Håvard Ulstein, managing director of Island Offshore, commented: “The situation in the spot market is still fragile and we cannot justify letting Island Dragon operate in this market. This means that we will have to lay her up indefinitely. As Lundin is an important customer to us, we want to be flexible to adapt to their change of needs.”

Island Duchess has been in Las Palmas available for jobs off the coast of Africa, but low activity has forced the company to lay up the vessel, which is now in Ulsteinvik.

Island has started discussions with employee representatives regarding work force reductions. It now has four PSVs, three LWI vessels and one ROV/construction vessel in layup.


Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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