The number of laid-up offshore support vessels and rigs has fallen by almost 30% since February 2017, according to a new report from the Norwegian Shipowners’ Association.

As of February this year, 112 vessels and 20 rigs were in layup, according to the organisation’s Maritime Outlook Report 2019, which was published on Tuesday.

This is compared to 137 ships and 25 rigs in February 2018, and a combined 183 vessels and rigs at the same point in 2017, the report said.