ƶijϻ

SOV/CSOV Shipbuilding Market: Strong Growth, Volatility in Coming 5 Years

Greg Trauthwein
Monday, February 10, 2025

As offshore wind farms grow larger and further offshore, the demand grows for bigger, more capable vessels. Enter the Service Operation Vessel (SOV) and Commissioning Service Operation Vessel (CSOV) segments, which according to Phil Lewis, Director of Research, Intelatus Global Partners, are drawing a fair amount of speculative ordering today. Maintaining vessel supply and demand while eyeing day rates to support the industry is a perpetual challenge.


Related Stories

First European Built CO2 Carrier for CCS Projects Officially Launched

Seatrium, Höegh Evi Agree LNG Tanker Conversion Job into FSRU Bound for Egypt

Petrobras Seeks Foreign Partnerships with Brazilian Shipyards

Current News

Libya's Latest Oil and Bidding Round Attracts Over 40 Applicants

Mitsui’s STATS Rolls Out Titanium Connector for Oil and Gas Sector

Indonesia Grants Approval to Kuwaiti Firm for Anambas Block in Natuna Sea

Topside for Hollandse Kust (west Beta) Substation Set to Sail to Final Location

Subscribe for OE Digital E‑News