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Indian view: Activity increasing but don't expect rates to go up soon
Feb 22:
The latest Indian projection shows E&P segments are showing early signs of revival
8Jackup rig activity is looking up
8OSV and MSV activity too is showing traction
8But it will be sometime before a upswing that can shore up balance sheets can be expected.
8"Although the activity has started to pick up in the Jack-up and OSV space, the charter rates are expected to remain at low levels till the excess supply in the market is cleared," the company cautions.
8"In case of PSVs and AHTSVs more than half the fleet is either idle/stacked or working in spot market at a very low utilization." it goes on to state
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8Jackup rig activity is looking up
8OSV and MSV activity too is showing traction
8But it will be sometime before a upswing that can shore up balance sheets can be expected.
8"Although the activity has started to pick up in the Jack-up and OSV space, the charter rates are expected to remain at low levels till the excess supply in the market is cleared," the company cautions.
8"In case of PSVs and AHTSVs more than half the fleet is either idle/stacked or working in spot market at a very low utilization." it goes on to state
Click on Reports for more
