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OSV market-I: There is a silver lining now
Aug 29:
The Offshore supply market remains challenging but sentiment has become more positive
8Increased tendering activity particularly around seismic and IMR scopes and in the Middle East region are good signs
8There is a firming up of contracts for jack-up rigs and this is a sign of recovery
8However it goes without saying that a large proportion of the global cold stacked fleet is not expected to return to service eliminating some of the supply overhang
8Nevertheless, tt will take some time for the vessel market to come back into balance, however the early signs are encouraging for a market recovery
8For reference purposes, the website carries here relevant data showing an uptick in investment
Click on Reports for more
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8Increased tendering activity particularly around seismic and IMR scopes and in the Middle East region are good signs
8There is a firming up of contracts for jack-up rigs and this is a sign of recovery
8However it goes without saying that a large proportion of the global cold stacked fleet is not expected to return to service eliminating some of the supply overhang
8Nevertheless, tt will take some time for the vessel market to come back into balance, however the early signs are encouraging for a market recovery
8For reference purposes, the website carries here relevant data showing an uptick in investment
Click on Reports for more
