Recent oil company tenders for much longer-term charters are a good sign to some Norwegian shipowners that the bottom may be near for the worst downturn in three decades — at least for their clients.
This year looks set to be the toughest one yet for offshore support vessels (OSVs), given that much of the world’s fleet is either finding work at operating expense (opex)-level rates or in layup or sitting idle, with global utilisation at roughly 50%.
Whether
