Norway's Boa Offshore says there are still contracts available for offshore support vessels, but owners are having to accept low day rates.
The company's Boa OCV subsidiary owns two of the world’s highest-specification offshore construction vessels (OCVs).
In May, a one-year contract for one of these — the 12,100-dwt Boa Sub C (built 2007) — was cancelled by an unnamed client in West Africa.
