Pareto: Only a matter of time before offshore improves

The market for offshore service vessels has bottomed out, concludes analyst firm Pareto Securities in a new, extensive report. Oil companies' growing willingness to invest drives the development, but oversupply and record-high debts weigh down.

Photo: Colourbox

The worst part is over for the offshore carriers – but it does not mean that a recovery is right around the corner.

This is more or less the conclusion of a new report from renowned analyst firm Pareto Securities, which twice annually reviews the state of the market for offshore service vessels, OSVs.

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