Deteriorating market fundamentals lately mean owners of offshore support vessels (OSVs) can expect weaker demand, tighter competition and at least flat day rates, if not rate reductions, for the rest of this year and in 2015, say analysts.
The shares of listed Norwegian owners of OSVs are now down by 32% on average year to date. These shares have also underperformed the Oslo Bors Benchmark Index (OSEBX) — a representative selection of all listed shares on the exchange — by about 30%.
This
