VesselsValue has painted a grim picture for offshore support vessel prices, as it announced a reorganisation of its offshore team.
The UK company said last year was predicted by many to be the beginning of the recovery for the sector but, while some positive moves were made, the real situation is somewhat different.
There have been big consolidation moves in the US and Brent crude saw a steady price increase, but VesselsValue data shows asset values for OSVs and construction vessels continue to suffer.
