Pareto Securities Asia chief executive David Palmer is quick to stress a “generally positive” view of the “resilient” global market for offshore support vessels (OSVs) but at the same time has raised the level of caution in his latest overview of the sector, where he says owners are finding it “increasingly challenging to make money”.
Although the OSV market itself is not seeing any fundamental changes, shifting macro fundamentals are at the root of concern for Palmer, who revealed the latest update of his trademark “traffic light” system for rating the sector on Monday.
Palmer’s
