Large PSV market 'in danger due to oversupply'
Other two markets in offshore sector better balanced: Jaccar CEO
THE market for large platform supply vessels (PSVs) operating in the deep-sea segment may be running into trouble due to oversupply - a situation that could tamp down utilisation and charter rates in the near to mid-term.
Jacques de Chateauvieux, chairman and chief executive of the European-based maritime group Jaccar Holdings, said large PSVs were the only segment in the offshore market in danger because of a demand-supply disequilibrium.
The other two markets in the offshore sector - those for shallow-water and subsea vessels - are in better balance, he said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Porsche posts Q1 profit drop on ramp-up costs
Air China orders homegrown C919s in challenge to jet duopoly
Huawei’s smart car tech offers automakers route to China sales
Sri Lanka to hand management of China-built airport to India, Russia companies
Tesla’s plan for affordable cars takes page from Detroit rivals
Toyota is investing US$1.4 billion to build another all-electric SUV in US