Offshore support vessel owners continue to face challenging markets as conditions deteriorate worldwide, according to Clarksons Research.
In its latest six-month offshore market report, the UK company revealed some stark figures for the year to date, as the oil price falls and Covid-19 restrictions slashed demand in the energy sector.
The downturn has affected the OSV market a little more slowly than rigs so far, Clarksons said, except in the more liquid North Sea spot market.
