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Offshore rig and vessel market: No easing yet
Mar 27: The offshore vessels market in the E&P sector continues to be in doldrums
8Day rates for AHTSs and PSVs have come off 50% since 2014. half the fleet is either stacked or working in the spot market at low utilization
8Fleet utilization levels for rigs and OSVs are at sub 55% level
8The website carries here full data on offshore E&P spending and oil price as well as drilling demand for floaters and Jack-ups relationships in a graphical format
8Actual new build deliveries are also far below scheduled
Click on Reports for more on what is going on in this market but how some Indian companies are still trying to stay afloat


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