Offshore ship values are rising quickly as lay-up lists shrink and activity improves, according to one Norwegian shipping executive.
In an interview with Proactive Investors’ Christine Corrado, Golden Energy Offshore Services’ (GEOS) chief executive Per Ivar Fagervoll also said that the lack of newbuilding availability is a key factor in the sector’s resurgence.
He explained that there are “long, long lead-in times” for new vessels, and increasing steel prices have made any new ships more expensive.
