Only slightly more than half of OSVs are currently employed

Although owners of offshore support vessels expect increasing demand, numerous challenges loom. Just over half of the global fleet is in operation the first quarter of 2021, according to a new analysis.

by DAG HOLMSTAD

The crisis in the oil and gas industry, brought about by a price war, production limitations and the Covid-19 pandemic, has had a significant impact on the market for offshore support vessels (OSVs), a new analysis shows.

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