The offshore support vessel market is unlikely to see a return to significant newbuilding activity anytime soon despite improving market conditions, industry players said.
Renewed momentum in the offshore market has increased utilisation rates of OSVs and anchor-handling tug supply units.
However, there have been no new vessels joining the fleet in recent years and it appears there is little appetite for newbuildings, delegates heard at the Marine Money Offshore Energy Finance Forum in Singapore on Tuesday.
