Secondhand AHTS vessel values plummet

Global offshore researcher ODS Petrodata is forecasting a drop in value for second hand AHTS vessels in the next half year.

ODS Petrodata said that vessel values had already peaked, but that it was hard to say how much the values would drop; however a 50 percent nosedive for certain vessel types could be expected. However, while the value of vessels has diminished, ODS sees it as simply retreating towards its newbuilding price, and that the vessels would still be worth more than the newbuilding price. To illustrate the point, ODS said that in 2001, the average AHTS newbuilding would have been fetched for a price of US$35 million, but these vessels would now be worth more than US$55 market on the open market.
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