Press release
Offshore Supply Vessel Global Market Competitive Landscape Outlook -2023 | GulfMark Offshore Inc. , Havila Shipping , and Vroon B.V., Swire Pacific Offshore Operations (Pte) Ltd
Globally, the market growth is attributed to the increasing focus on oil & gas production at offshore fields. On the other hand, the aging offshore oil and gas infrastructure leading to replacement and decommissioning offers lucrative opportunities for market players in the coming five years especially in the North Sea and the Gulf of Mexico region. Also, mounting demand for oil in developing nations such as India, South Africa and Indonesia and rise in onshore drilling and exploration activities in Africa and Asia Pacific region is further expected to positively influence the growth of the global offshore support vessels market. However, the market for offshore support vessels is anticipated to face challenges from the high maintenance cost of these vessels and growing emphasis on clean energy sources for energy generation and consumption.
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Industry News:-
In April, 2018 – DOF based in Norway is further expecting the cost of renting offshore supply vessels (OSVs) to rise as the rates for hiring specialized vessels, which include platform supply, diving support (DSV) and anchor-handling vessels, have increased in the last year. The company has been recently awarded a three-year contract from Petrobras, Brazil for offshore supply vessel operations.
In May, 2018 – A string of deep-water discoveries in the Caribbean has triggered a torrent of activity in the offshore supply industry. In 2015, massive oil reservoirs were discovered off Guyana in the Liza field that put the Caribbean back on the exploration map and since then other discobveries have followed in quick succession.
Competitive Analysis:-
• Vroon B.V.
• Swire Pacific Offshore Operations (Pte) Ltd
• Edison Chouest Offshore
• Abdon Callais Offshore LLC
• Maersk
• Siem Offshore AS
• SEACOR Marine
• Tidewater
• GulfMark Offshore Inc.
• Havila Shipping
Offshore Supply Vessels Industry – Regional Analysis
Asia pacific is one of the leading region for growth in offshore development. Geographical factors has fuelled the growth in offshore market. Moreover, China, Thailand, India, Malaysia, and Indonesia are mainly driving the growth of the offshore support vessel market in the APAC region. Additionally, equipped with increased cargo capacity, panoramic navigation bridge visibility, large accommodation spaces, enhanced crew amenities and automation system are booming the market in Asia pacific.
The increase in global oil & gas production from North America and the Middle East has shifted the focus of operators towards offshore markets. Secondly, liberalization of the Mexican oil & gas industry is another key driver fuelling the demand for offshore supply vessels.
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Offshore Supply Vessel Global Market – Segmentation
The scope of global Offshore Supply Vessel market is segmented into four major segments which are explained below:
By Type
• Anchor Handling Tug Supply Vessel (AHTS)
• Platform Supply Vessel (PSV)
• Multipurpose Support Vessel (MPSV)
• Standby & Rescue Vessel
• Crew Vessel
• Seismic Vessel
• Chase Vessel
• Others
By Application
• Shallow Water
• Deepwater
By End-Use Industries
• Oil & Gas
• Offshore renewable
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By Regions
• North America
• Europe
• Asia Pacific
• Rest of the World
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