As offshore renewable energy projects grow, the wind-turbine installation vessel sector may be heading for a crunch as demand for their services taps the available supply of the ships.

But the good news is there is still some time to order wind turbine installation vessel (WTIVs) to meet that growing need if shipowners are willing to take the risk that offshore wind project timelines will continue apace.

Martin Lysne, a senior analyst who tracks the sector at Rystad Energy, said the Oslo consultancy firm still sees a need for additional vessels, particularly if projects that are in the pipeline keep to schedule.