SOV/CSOV Shipbuilding Market: Strong Growth, Volatility in Coming 5 Years

Greg Trauthwein
Monday, February 10, 2025

As offshore wind farms grow larger and further offshore, the demand grows for bigger, more capable vessels. Enter the Service Operation Vessel (SOV) and Commissioning Service Operation Vessel (CSOV) segments, which according to Phil Lewis, Director of Research, Intelatus Global Partners, are drawing a fair amount of speculative ordering today. Maintaining vessel supply and demand while eyeing day rates to support the industry is a perpetual challenge.


Related Stories

Eni Enlists Shearwater for 3D Seismic Survey in Timor Sea

Conrad, Empyrean Agree Settlement Framework Over Duyung PSC Interests

Petronas Plans Ramp-Up in Exploration, Production Over Three Years

Seadrill Firms Up Offshore Drilling Workload with Multi-Region Contract Awards

Turkish Petroleum, Chevron Discuss Joint Oil and Gas Exploration

Thailand's Gulf Energy Eyes Long-Term LNG Supply

Vantris Energy Lands Petronas Job on Malaysia’s Offshore Fields

Petrovietnam Agrees First-Ever LNG Term Deal with Shell

ADNOC Takes FID on SARB Deep Gas Project Offshore Abu Dhabi

Saipem Lands $425M Turkish Gas Contract in Sakarya Expansion

Current News

Japan’s JERA Agrees Long-Term LNG Supply from Middle East

QatarEnergy, Petronas Ink 20-Year LNG Supply Agreement

Eni Enlists Shearwater for 3D Seismic Survey in Timor Sea

Conrad, Empyrean Agree Settlement Framework Over Duyung PSC Interests

Northern Offshore’s Energy Emerger Rig Up for Drilling Job off Oman

Petronas Plans Ramp-Up in Exploration, Production Over Three Years

Australia and Timor-Leste Push to Advance Greater Sunrise Gas Field

MODEC, Eld Energy Partnership Targets Low-Carbon FPSO Power

JERA Lifts First LNG Cargo From Barossa Gas Project in Australia

Inpex Moves to Accelerate Indonesia’s Abadi LNG Project

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com