As 2023 is drawing to a close we would once again invite the readers of Offshore Engineer Magazine to gaze into our crystal ball to see what 2024 might have in store for the offshore support vessel industry. Before diving straight into our forward-looking sentiments however, it is important to address some of the main trends in the year that past as these lay the foundation for the year to come.Continuing the market development from the year before…
Malaysia-based offshore support vessel (OSV) provider Nam Cheong has secured OSV charter contracts worth up to $25 million, as demand for vessels remains firm in Southeast Asia.The contracts cover one anchor handling tug supply (AHTS) vessel and one maintenance work vessel…
Since our last market update in the subsea space about a year ago both our current market view and forecasts have strengthened significantly.While the demand picture is looking solid and arguing for a strong multi-year upcycle, the supply side…
Viking Supply Ships, a company that owns and operates a fleet of offshore supply and icebreaking vessels, has secured a contract for the Far Senator AHTS vessel for operations outside Australia.'With operations performed by Go Offshore, the…
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