The offshore support vessel (OSV) sector must beware "over-zealous" ship valuations as owners try to restructure in the current crisis.
That is the message from VesselsValue head of offshore Rob Day.
This year has brought an oil price plunge and the coronavirus outbreak, curtailing demand in the North Sea and elsewhere.
Many OSV players have tried to secure new refinancing deals, pushed loan maturities out or sought emergency funding in recent weeks.
