A renewed push by governments to secure energy supplies after Russia’s invasion of Ukraine is likely to lead to a battle for vessels between the offshore wind industry and a resurgent oil and gas sector.

Rising demand for vessels across the offshore sector — from crew transfer vessels, heavy-lift installers and maintenance craft — is likely to increase day rates and potentially result in longer-term contracts, according to industry figures.

It could also see new entrants from other shipping sectors, following the lead of companies such as Eneti, which changed its name from Scorpio Bulkers and started selling off its fleet in a pivot to wind turbine installation vessels (WTIVs).