Offshore Support Vessel Market
Offshore Support Vessel Market – Global Industry Insights, Trends, Outlook and
Opportunity Analysis, 2018-2026
The development of offshore facilities involves a variety of marine assets. Over the past few
decades, there has been a drastic increase in the offshore E&P activities resulting in to increase in
development and demand for offshore support vessels. These vessels are used for exploration,
development, production and decommissioning phase of an offshore oil, and gas fields. Offshore
support vessel (OSV) can be prepared according to the operators specifications. Offshore E&P
operations are complex, failure of operations have drastic consequences on economy and
environment. Different types of support vessels are required for different offshore environment.
Therefore, development in technology has immensely supported the growth of offshore support
vessel market.
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Global Offshore Support Vessel Market Taxonomy
On the basis of type, the global offshore support vessel market is segmented as:
•Anchor Handling Towing and Supply Vessel (AHTS)
•Seismic Vessel
•Platform Supply Vessel (PSV)
•Well Intervention Vessel
•Offshore Construction Vessel
•Accommodation Ships
•Multipurpose Support Vessel (MSV)
•Crew Vessel
•Inspection, Maintenance and Repair Vessel (IMR)
Global Offshore Support Vessel Market Outlook
Asia Pacific is accounted to have fastest growth in the offshore support vessel market, owing to
increase in globalization and energy demand from economies, such as China, India, Malaysia, and
Indonesia. Development in technology has led to augment in the offshore support vessel market.
Furthermore, increasing consumption and offshore E&P development in Australia, South China
Sea, and Gulf of Thailand have driven the offshore support vessel market in this region. According
to Baker Hughes, the offshore rig count in Asia Pacific in March 2017 was 76 as compared to
March 2016, which was 70.
Major Keyplayers: maEdison Chouest Offshore, Abdon Callais Offshore, Havila Shipping ASA,
Farstad Shipping ASA, Gulfmark Offshore Inc., Bourbon Offshore Marine services, and Island
Offshore Management AS.
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