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Subsea market: Outlook is till very disconcerting
Feb 26: Signals emanating from market players are that the subsea products and services market continues to remain under severe pressure
8For ROVs, for example, days on hire are going up but shift in geographic mix and competitive pricing are still driving revenues per day lower
8Suppliers have entered 2017 with less backlog than 2017 and there is a natural backlog between customer's financial decisions and order awards.
8The market currently is still in single digit decline after double digit decline in the past
8In fact the dire prediction is that the sub sea segment will continue to face a challenging 2018 with reduced international diving and vessel activity
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