You are here

OSV market all set for consolidation, say owners


A GLUT of offshore supply vessels (OSVs) and falling demand from oil firms will trigger a restructuring of the still-fragmented industry, two of the largest owners of the specialty ships told Reuters on Tuesday.

With crude prices down more than 70 per cent since mid-2014,...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to