WHAT IS LAY-UP MANAGEMENT?
In highly unfavorable market conditions for some segments of the shipping industry, it is the best economic option for ship owners to lay up their assets.
There are two different ways to lay-up vessels: respectively, cold and hot lay-ups. Whilst both lay-up options preserve the operational capability and the safety of the vessel, the cold lay-up will preserve the machinery and the instruments for a more extended period, typically more than 6 months, and hence demand a longer time for reactivation, typically 7 to 14 days. The hot lay-up preserves the machinery and instruments by keeping them switched on frequently and demands a shorter period of inactivity, with the vessel being anchored in a safe place and kept in a fully operational state.
OWSM LAY-UP MANAGEMENT SOLUTIONS
OWSM has expertise in providing efficient lay-up management services across all segments of the maritime industry, including Leisure, Offshore, and Cargo segments. With our established and integrated services, we can assist with and manage lay-ups. We provide hot and cold lay-up solutions by trained professionals and will ensure your assets are kept in safe hands and facilitate cost-efficient reactivation.
Reactivation of a vessel after having been laid up is a task that requires efficient planning and preparation to avoid any damage to the machinery or failure of the equipment on board. Special care must be placed on ensuring the vessel operates efficiently when back in trade to avoid any off-hire.
Based on our client’s requirements, we offer customized lay-up solutions, according to class and insurance guidelines. A complete maintenance plan, as well as a comprehensive assessment of requirements for the lay-up as well as the reactivation will be provided.
Should you decide that lay-up is a solution for your vessels, then OWSM can assist you with the necessary cost estimates for the various solutions to support your requirements.
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