Tag: lay-up

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Lay-up and re-activation revisited

The COVID-19 pandemic has affected the maritime industry in previously unthinkable ways. Ports around the world are denying entry to certain vessels, travel restrictions have postponed crew changes, ships are taken out of service and crew have been laid off. These operational problems are forcing some owners and operators to consider placing vessels in lay-up, notes Mr. Jarle Fosen, Senior Loss Prevention Executive, Arendal.

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Vessel’s Lay Up

Ship operators may find that they are unable to employ their vessels profitably and take the decision to remove it from service.In case the owner has a reasonable expectation that demand will recover, he may find a suitable anchorage and keep the vessel ready for employment. The status of the vessel then decleared as “A Laid Up Vessel”.

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