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

CNOOC’s First Quarter Profit Rises on Higher Oil Prices, Output

United Arab Emirates Exits OPEC and OPEC+

Technology as Enabler of Energy Security in Offshore Asia

Saipem Poised for Middle East Repair Work After Iran War

Middle East Conflict Jolts Offshore Drilling Market

Oil Flows to Lag Even if Hormuz Strait Reopens

Strike Threat Grows at Ichthys LNG after Workers Reject Deal

IEA Cuts Oil Demand, Supply Outlook Amid Iran War

Philippines Seeks US Extension to Buy Russian Oil

China Calls for De-Escalation as US Threatens Hormuz Blockade

Current News

Vessel Sector Deep Dive: WTIVs

Indonesia’s Mako Gas Project on Track for First Gas in 2027

CNOOC’s First Quarter Profit Rises on Higher Oil Prices, Output

UAE Exit Weakens OPEC, Raises Risk of Price War

United Arab Emirates Exits OPEC and OPEC+

Technology as Enabler of Energy Security in Offshore Asia

Saipem Poised for Middle East Repair Work After Iran War

Middle East Conflict Jolts Offshore Drilling Market

Bureau Veritas Expands Offshore Services with New Asia Hub

Valeura Charters Shelf Drilling’s Jack-Up Rig for Gulf of Thailand Ops

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