New entrants to offshore shipping are wise to team up with established owners and operators, according to shipbroker Robert Day.
Greek owners in particular have been diversifying from mainstream cargo shipping into a sector characterised by good demand, an ageing fleet and a minuscule orderbook.
In September, Middle East specialist Atlantic Navigation announced the sale of 20 anchor-handling tug supply units, utility vessels and platform supply vessels for $183m to MAG Offshore.
