VesselsValue finds 28% of offshore vessels currently laid up

VesselsValue said that it uses a big data approach which can provide a valid estimation of the number of vessels in lay-up status. According to data analysis, 28% of the offshore fleet is currently laid up, with PSVs topping the table with 36% of their fleet currently laid up.

Senior Offshore Analyst Charlie Hockless explained the process:

”Estimating the number of vessels in lay-up is an imperfect science, however, using a big data approach VesselsValue can provide a valid estimation using the following methodology. VV observes the recency of a vessel’s AIS signal and filters the data appropriately. Vessels that have not signaled for over a week are considered to be in lay-up.”