Carbon taxes will increase, favouring energy efficient ships and requiring closer co-operation between owners and charterers, says Will Fray, Director, Maritime Strategies International. Read more in Safety4sea.com
Ukraine invasion has permanently changed the map of the oil market
China’s Asian neighbours are soaking up surplus crude volumes and creating new routes in the process, writes Tim Smith, Director, Maritime Strategies International. Read more in Splash247.com
New offshore projects coming in UK and Norway
Offshore support vessel (OSV) owners will benefit from increased investment in the North Sea oil and gas sector, with some deferred projects being brought forward. High energy prices are driving oil and gas companies to expand their expenditure on new offshore projects, some involving billions of dollars of investment for deepwater projects.
Watch MSI Director James Frew’s interview at the recent OSJ conference with Riviera.
Rigs report: global floater utilisation to hit 90% by 2024
Prospects in South America, notably Brazil, are brightening both for floaters and offshore support vessels (OSVs), particularly for larger anchor handling tug supply (AHTS) and platform supply vessels (PSVs), according to MSI. Read more in Riviera Maritime Media
Offshore oil, gas and renewables spending set to double to US$600Bn
Capital expenditure in oil and gas and offshore wind projects will rise significantly in the next five years… Read more in Riviera
Clean energy targets likely to drive further growth in turbine installation vessel market
Like other analysts, MSI expects a very strong shift from small offshore wind turbines to larger units in the coming decade, with turbines expected to reach a capacity of 20 MW or more. Read more in Riviera
Oilfield service sector needs consolidation to survive MSI warns
Drilling contractors and offshore service (OFS) providers should seek consolidation as soon as possible to secure their long-term future. This is one of the conclusions of Maritime Strategies International’s latest MODU Market Report. Read more in Seatrade
Regulation and market measures combine to reshape the shipping market- Foresight July 2021
As decarbonisation efforts, global regulation, along with the Poseidon Principles gather momentum after what has been a volatile year, even by the shipping industry’s standards, MSI thought it pertinent to publish some analysis looking at what we might achieve in the near-term.
Offshore sector needs a reality check on long-term benefits of consolidation
The offshore drilling market is ripe for consolidation. The sector continues to face challenges managing an oversupplied, highly competitive market combined with overleveraged balance sheets, weak liquidity and stressed financials. Read more in Splash!
Asian offshore wind offers lifeline to AHTS vessel owners
Massive investments in offshore windfarms in Asia will generate opportunities for southeast Asian OSV owners, while Qatar gas expansion presents best near-term work in the Middle East. Read more in Riviera