Offshore Supply Vessel Market Demand Analysis by Leading Key Players: Vroon B.V. ,Swire Pacific Offshore Operations (Pte) Ltd , Edison Chouest Offshore , Abdon Callais Offshore LLC

Offshore Supply Vessel Market Top Key Players:-

The major key player in global offshore support vessel market are Tidewater (U.S.), GulfMark Offshore Inc. (U.S.), Maersk (Denmark), Siem Offshore AS (Norway), SEACOR Marine (U.S.), Havila Shipping (Norway), and Vroon B.V. (Netherlands). Swire Pacific Offshore Operations (Pte) Ltd (Singapore), Edison Chouest Offshore (U.S.), Abdon Callais Offshore LLC (U.S.), Solstad Farstad (Norway), and Bourbon Offshore (France) are among others who are highly capable to serve the best in the industry.

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Offshore Supply Vessel Market Overview:-

Offshore Supply Vessels, one of the crucial aspects for the offshore O&G platforms are basically ships that precisely serve operational purposes such as installation of rigs systems, O&G exploration and storage. These Vessels are perceiving an augmented demand worldwide attributing to the rising oil & gas exploration activities around the globe. Simultaneously, ever rising high demand for crude oil is fostering the growth of Offshore Supply Vessels market. Moreover, constant development of offshore reserves and rising deep water production influence the growth of the global offshore drilling market positively. Owing to all these factors; the market of Offshore Supply Vessels is garnering an extensive demand on the global platform growing enormously.

Industry/ Innovation/Related News:
January 03, 2018 - Royal IHC (Netherlands), a global supplier of innovative and efficient offshore supply vessels announced that it together with Oceanteam ASA (Norway), a global offshore service provider; executed a signing protocol under the terms of which IHC will acquire all of the outstanding share capital of Oceanteam's Dutch based engineering and consultancy company ‘KCI’ the Engineers B.V. subject to certain conditions precedent through an agreed Sale and Purchase Agreement.

October 31, 2017 – OOS International (Netherlands) a global provider of high quality, cost-efficient customized offshore construction support including supply vessels announced the official new release of Offshore Insights(developed program), providing major updates to the program. The 1.0 version of this release offers users new features and an improved performance. Offshore Insights is designed to help governments, shipyards, insurance companies, environmental institutions, NOC’s, IOC’s and other users improve their operations and collaboration on projects worldwide.

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Asia pacific will be the largest market:-

Currently, Asia pacific is dominating the market such as china, Thailand and India countries having the new opportunities for Oil & gas industry. Rapid advancement in process automation and large investments in energy verticals such as oil & gas are driving the growth of Asia pacific. Moreover, Major offshore operators present are expected to play dominant role in market growth over the forecast period. Growing number of deep water discoveries in this region are estimated to drive subsea drilling and transport activities in the region and driving the market of offshore supply vessels.
Based on region, North America is the largest market share as there are large untapped resources and a high number of rig count of ~200, followed by Asia Pacific, which includes countries such as China and India. The future seems secure for offshore support vessel as India consists more than ~200 fleet and this count is increasing as these countries are tying up with other foreign flagged vessel for fulfilment of the demand.

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