Global Offshore Support Vessel Market to Display 5.05% CAGR between 2017 and 2021


Published Date : Apr 04, 2017

ALBANY, New York, April 4, 2017: MarketResearchReport.biz has featured a new market study to its expanding repository of market intelligence. The report, titled “Global Offshore Support Vessel Market 2017-2021,” examines the crucial aspects that are important to comprehend the growth of the global offshore support vessel market over the coming years. Furthermore, the report discusses growth trends and technological developments in offshore drilling operations that will influence the demand for offshore support vessels. A detailed assessment of global offshore exploration and production operations across the Americas, EMEA, and APAC is provided and demand forecasts for offshore support vessels in these regions up to 2021 is presented herein.

The report is a veritable instrument for a know-how of the development of the offshore support vessel market over the forecast period. This includes a detailed discussion of offshore exploration and production analytics across major oilfields globally and demand parameters for offshore support vessels in the coming years. This is followed by a detailed discussion on region-wise regulatory framework that oversees offshore operations and details of environmental protocols that are applicable for offshore operations.

An offshore support vessel is used for transporting cargos, supplies, goods, and crews that are inherent constituents of offshore exploration and production activities across all types of oil fields. OSVs are used in the transport of offshore energy resources for offshore drilling activities and they also facilitate the installation of oil rigs. In addition, OSVs assist in maritime logistics operations that are carried out for several industries such as deepwater mining and subsea operations.

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The global market for offshore support vessel (OSV) is expected to expand at a CAGR of 5.05% between 2017 and 2021.

 

The report points that geographical diversification of crude oil markets is the major factor driving the global OSV market. Large companies and independent entities involved in exploration and production of crude oil have invested across a number of geographic regions for higher returns and to limit risk.

However, high accident risk and vulnerability to natural phenomena is restraining the market’s growth. Offshore support vessel that operate in unstable climatic conditions are susceptible to oceanic calamities. Nevertheless, the increasing demand for higher-capacity OSVs that are fuelled by LNG is expected to present new opportunities to the market’s growth.

The report mentions key players in the global offshore support vessel market, namely Bourbon, SEACOR, Tidewater, Edison Chouset Offshore, and Swire Pacific Offshore. Some other key vendors in the market are Abdon Callais Offshore, Bass Marine, China Oilfield Services, BP Shipping, Eastern Shipbuilding, Farstad Shipping, Halul Offshore Services, Havila Shipping, Intermarine, KG Offshore Services, Nam Cheong, OGX, Pemex, Remontowa, Siem Offshore, Sinopacific, Topaz Energy and Marine, Vroon Group, Zakher Marine, ABG Shipyard, Bharati Shipyard, Deep-sea Supply, EMAS, Eastern Shipbuilding, Gilfmark Offshore, Harvey Gulf International Marine, Hornbeck Offshore, Island Offshore Management, Maersk Supply Service, Odyssea Marine, Pacific Richfield, Rem Maritime, Sanko Line, Simon Mkster Shipping, Solstad Offshore, Trico Marine Services, Whitesea Shipping and Supply, and Zamil Operations.

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