MSI’s Gregory Brown states that utilisation of floating drilling rigs (semi-submersible and drillships) is expected to rise over 70% in 2020. Jack-up rig utilisation is now climbing to more than 65%, statistics have shown. He foresees utilisation for anchor-handlers and PSVs will rise to 60% in 2020, a rise from 50% in 2017-18. Read more
Offshore
Oil report claims dry Barents Sea prospects discourage investment
The higher investment level on the Norwegian continental shelf will decline again next year, MSI have reported based on underwhelming exploratory drillings in the Barents Sea. Read more
Asian OSV demand boosted by US$10Bn upstream contracts
There may be issues with oversupply in Indonesia, but Myanmar and Brunei could offer real incremental activity for OSV owners, according to MSI’s Gregory Brown Read more
Offshore Marine – A Case for Optimism or Cause for Concern?
Ahead of Seatrade Offshore Marine and Workboats Middle East 2019, MSI’s Senior Offshore Analyst, Dr Ferenc Pasztor, weighs in with his opinion. Read more
The increasingly connected OSV
MSI’s Dr Ferenc Pasztor thinks dual-fuel OSVs could be ordered in niche opportunities, such as when the charterer has gas resources of its own. “It really will depend on what happens after the start of IMO 2020 because of the additional capex”, says Dr Pasztor. Read more
Fate of the idle fleet will shape OSV market’s recovery
MSI’s Ferenc Pasztor on the implications of oil price and OSV scrapping activity, published in OSJ. Read more here
DP World plots consolidation path with acquisition of Topaz
MSI’s James Frew on the acquisition of Topaz Energy and Marine, published in offshore support Read more
Carbon Carriers
The consequences for shipping markets of a major shift in energy consumption away from hydrocarbons and towards renewables and biofuels is the subject of a report prepared by MSI on behalf of the European Climate Foundation. MSI’s shipping market modelling systems were used to analyse how global fossil fuel demand reductions could alter inter-regional commodity trade flows and the associated shift in required shipping capacity, industry earnings and asset prices, across all segments of the shipping industry. The full report can be downloaded here and a shorter Executive Summary here.
New Offshore Report: Field Development Activity
MSI has published the first edition of its Field Development Activity Report. The FDA is a new quarterly publication that includes sub-sector overviews, competitive positioning analysis and regional outlooks for key offshore sectors including subsea, pipelay and floating production systems. Please click here for further information.
Shipping beyond the cycle: why an earnings upturn does not equal business as usual
A trio of factors is upsetting the status quo but could shipping’s greatest challenge also turn out to be its best opportunity, asks James Frew from Maritime Strategies International. Read more