Press release
Offshore Support Vessel Market: Current Trends and Aspects | Bourbon, Farstad Oil Inc., Swire Pacific Offshore, Tidewater Marine, GulfMark Offshore, Vroon, Island Offshore
Offshore Support Vessel Market
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Leading Key Players in Offshore Support Vessel Market are: Bourbon, Farstad, Seacor Marine, Swire, Tidewater, Gulfmark Offshore, Havila Shipping, Hornbeck Offshore, Maersk, REM Maritime, Siem, Solstad, Vroon, Edison Chouset, Harvey Gulf, Island Offshore
For instance, in November 2017, Harvey Gulf International Marine announced a deal with Shell Trading to transport LNG to the ports of Caribbean and Florida. In consequence, this is likely to encourage other offshore support vessel market players such as Solstad Farstad, Tidewater, Maersk, Vroon, REM Maritime, Edison Chouest, Swire, Seacor Marine, Island Offshore, Harvey Gulf, GulfMark Offshore, Inc., and Havila Shipping to establish joint ventures with oil and gas exploration companies. In addition, the acquisition of major shipping lines by reputed companies is also expected to propel offshore support vessel market size. For instance, recently, one of the largest suppliers of ship and supply vessels, Maersk successfully acquired the North Korean ocean trader, Hamburg Süd.
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Growth Drivers:
o North America
o Growing demand for offshore E&P
o Untapped potential across deep water fields
o Europe
o Regulations toward marine emissions
o Asia-Pacific and Middle-East & Africa
o Increasing demand for hydrocarbons
o Government spending on offshore projects
o Latin America
o Positive outlook toward E&P spending
Considering the lucrative business opportunities in offshore support vessel industry, many iconic automakers have been penetrating the domain of ship manufacturing. For instance, the British carmaker, Rolls Royce has revealed its concept of high-tech superyacht with a hybrid propulsion system that operates on the combination of LNG (Liquefied Natural Gas) and battery power. It has also implemented an intelligent dynamic locating system and improved radar system. Technological advancements of this degree are certain to help offshore support vessels be comfortably positioned near oil rigs, which is likely to propel offshore support vessel industry size over the years ahead. In addition, the Scotland based offshore engineering company, CDC Scotland Ltd., has also been involved in the development of revolutionary designs for offshore support vessels.
A leading provider of advanced self-elevating and self-propelled support vessels for offshore gas, oil, and renewable energy sectors, Gulf Marine Services is also reported to be making strategic acquisitions to maximize vessel utilization - a strategic move on its part that would impact offshore support vessel industry trends.
Table Of Content
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definition & forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Offshore Support Vessel industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Vessel trends
2.1.3. Water Depth trends
2.1.4. Fuel trends
2.1.5. Regional trends
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