Ship&Offshore | Issue 08/2015
Workboat sector on crest of wave
OVERVIEW The global workboat market is on a roll, but that’s not readily apparent amid the diversity of this ship sector. Admittedly, the oil price crash is having a damaging impact on the offshore supply vessel (OSV) sector and experts are still divided on how long oil prices will stay down. But although this may have cut demand for latest-generation, high-end OSVs in the short run, there is ongoing demand for maintenance and other service vessels of many different types, writes freelance journalist Paul Bartlett.