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Vessel rates fall on supply glut

Posted on 22.03.2010 - 09:23 UTC in GENERAL NEWS by Rons_ROV_Links

Vessel rates fall on supply glutDay rates for construction vessels are expected to fall by up to 15% from 2009, with a build-up in global supply, according to ODS-Petrodata’s Product Manager of CVBase, Shaun Heywood.


...

Around 10 newbuilds scheduled for deliveries in 2009 have been pushed to 2010, he said.

A similar trend will prevail in the subsea sector, where Heywood sees a steeper decline of 10% to 15% in rates for diving support vessel (DSV) and remotely operated vehicles (ROVs).

The construction vessel specialist estimates a 21% growth in the global fleet of DSVs and 35% for ROVs since 2008.


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Read the complete article on the Upstreamonline.com website here.

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