Offshore shipowners look set to suffer depressed markets at least through 2018, as the huge vessel oversupply combined with low rates will continue to be a millstone around their necks, says Pareto Securities.
High vessel returns, easy access to capital and Asian yards entering the offshore space have kept the overall compound annual growth rate (CAGR) at 5% over the past 10 years for the global fleet of offshore support vessels (OSVs).
Pareto
