Norwegian owners of offshore support vessels (OSVs) are predicting a further 11% decline in revenues this year.

The Norwegian Shipowners’ Association (NSA) this week released its annual maritime overview for the year ahead, coinciding with its conference in Oslo next week, as it seeks to raise awareness of the state of Norway’s maritime sector.

The “Maritime Outlook Report 2017” also contains the yearly survey, which was completed in February by Menon Economics and received answers from 99 NSA members — a response rate of 72%.

The