We bring you another booming market, this time from a Twitter feed.
Deepwater production and exploration activities and investments by
emerging economies in offshore exploration will drive the offshore
support vessel market.the global Offshore Support Vessel Market is estimated to be USD 15.85 Billion in 2017, and is expected to grow at a CAGR of 4.92%, from 2017 to 2021.
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The ecosystem of the offshore support vessel market consists of
vessel builders, service providers (fleet providers), and oilfield
operators. The figure below shows the market ecosystem along with the
To enable an in-depth understanding of the competitive landscape, the
report includes the profiles of some of the top players in the offshore
support vessel market. These players include Bourbon SA (France),
Farstad Shipping ASA (Norway), Seacor Marine, LLC (U.S.), Swire Group
(U.K.), Tidewater, Inc. (U.S.), Gulfmark Offshore, Inc. (U.S.), Havila
Shipping ASA (Norway), Hornbeck Offshore (U.S.), The Maersk Group
(Denmark), REM Maritime AS (Norway), Siem Offshore, Inc. (Norway),
Solstad Offshore ASA (Norway), Vroon Group (The Netherlands), Edison
Chouset Offshore (U.S.), Harvey Gulf International Marine, LLC (U.S.),
and Island Offshore Management AS (Norway).
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The leading players are trying to make inroads into markets with
tight cabotage rules, such as Brazil, while also taking advantage of the
comparatively liberal policies in regions such as the Middle East and
Asia-Pacific, to increase their market presence.
Anchor handling tug supply (AHTS) vessels: The largest segment of the offshore supply vessel market, by type
The offshore supply vessel market has been segmented into vessel
type, depth, and region. The market has been further segmented, by
vessel type, into anchor handling tug supply vessels, platform supply
vessels (PSV), multipurpose support vessels (MPSV), standby and rescue
vessels, crew vessels, chase vessels, seismic vessels, and others.
The shallow water subsegment is estimated to have the highest growth rate in the offshore support vessel market, by depth.
On the basis of depth, the market has been segmented into shallow
water and deepwater segments. The application of offshore support
vessels in shallow water projects is estimated to lead the market, both
in terms of market value and growth. The shallow water basins in the
Middle East, Asia-Pacific, Europe, and North America will play a major
role in driving the offshore support vessel market. Shallow water
operations are typically less expensive compared to deepwater
operations. Thus, recovering oil prices will lead to a faster increase
in offshore activity in shallow water basins compared to deepwater ones.