The offshore oil and gas ship market is in sight of its best-ever rates, according to Clarksons Research.
The UK shipbroking group’s offshore index, which tracks day rates for rig, offshore support vessels and subsea units, has risen by a further 27% to a multi-year high of 106 points, the best since 2008.
“Our projections suggest the … index will reach all-time highs in 2024,” managing director Steve Gordon said.