Prices for platform supply vessels and anchor-handling tug supply (AHTS) vessels skyrocketed this year and are expected to rise further, a valuation service said.

With oil prices shooting up following Russia’s invasion of Ukraine, all sizes and ages made significant gains during 2022, VesselsValue said in its offshore year in review published on Tuesday.

“It has been a long and arduous downturn for anyone involved or invested within the offshore vessel and rig owning sector,” VesselsValue head of offshore Robert Day wrote.