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Canary Islands as cemetery for offshore ships - Las Palmas de Gran Canaria, Gran Canaria, España
N 28° 05.934 W 015° 24.174
28R E 460421 N 3108223
Quick Description: Newspaper article on the use of the Canary Islands as a cemetery for offshore ships
Location: Islas Canarias, Spain
Date Posted: 2/13/2019 11:03:05 AM
Waymark Code: WM102NQ
Published By: Groundspeak Premium Member saopaulo1
Views: 1

Long Description:
Several newspapers report on the (mis)use of the Canary Islands as anchorage and ship cemetery for unused offshore ships.

Here is an excerpt:
The lower oil price and the overcapacity of existing production wells continue to cause the market for drilling vessels and platforms to stagnate at a low level. This is particularly evident in the Canary Islands. In the ports and anchorages of Gran Canaria and Tenerife, 30 major industrial units are currently anchored. Some of them are mothballed, some are cold. Some older platforms are now threatened with an end to scrapping. Even numerous units from South America have joined the fleet of trailers in the Canary Islands. According to estimates, 30 to 36 percent of all semi-submersible platforms and drilling vessels worldwide are currently unemployed. (translated)
Type of publication: Internet Only

When was the article reported?: 10/25/2017

Publication: THB (Daily port report)

Article Url: [Web Link]

Is Registration Required?: no

How widespread was the article reported?: national

News Category: Business/Finance

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