Few shipping analysts took notice when Norway’s Siem Offshore announced last week that it had recorded first-quarter net profits of $6.6m. Why should that interest them when, in another sector, French liner operator CMA CGM unveiled income of $7.2bn at the same time?
But Siem Offshore was signalling something more arresting than yet another liner profit bonanza: the oil and gas maritime services sector is back from the dead.
