Muted fleet growth and a low orderbook have helped buoy segments across shipping, but nobody has had it better than offshore.
According to figures from Clarksons, the global fleet grew 21% from 2019 with the oil tanker fleet growing 2.9% and bulkers 3.4%.
But the numbers of anchor-handling tug supply vessels and platform supply vessels have both fallen by 4% over the same period and subsea support fleet growth was flat, making for a big impact, according to Clarksons analyst Calum Kennedy.