More trouble for floating rigs spells clear trouble for owners of offshore support vessels (OSVs), while “significantly underperforming” shares already underscore the rising worries, say specialist analysts in the US.
Deepwater (DW) and ultra-deepwater (UDW) contracting has slowed to a crawl so far in 2014, with only two “meaningful” rig contracts signed, and it looks set to persist, according to Norwegian analysts at DNB Markets, as reported by TradeWinds last week.
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