Bernhard Schulte Shipmanagement (BSM) is targeting offshore despite it being one of the worst performing sectors in shipping.

“The offshore supply vessel [sector] is dire at the moment. We are looking at developing offshore on the production and gas sides,” said Bob Maxwell, who heads BSM’s Singapore office.

More specifically, BSM is aiming for specialised tonnage such as floating production, storage and offloading (FPSO) vessels and floating storage and regasification (FSRU) vessels.