Releasing its annual results today, OSV owner Bourbon Offshore said it had a total of 44 supply vessels stacked as of the end of the year, a jump of 13 vessels since its third quarter results were released early November.
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Growing demand for oil & gas is expected to drive the offshore support vessel market at a CAGR of 5.8% during the forecast period. Meanwhile, the recent decline in the global crude oil price has negatively affected E&P activities, which is prominently visible with the sharp decline in the global rig count, affecting drilling activities. This has further affected the market of offshore support vessels. Discovery of new offshore oil & gas fields and growing demand for oil & gas are the major driving factors of the market.
According to the report the market was valued at US$12,616 mn in 2012. Analysts at TMR project the market to expand at a healthy CAGR of 17.20% during the period from 2013 and 2019 and reach a value of US$38,752.7 mn by the end of the forecast period.
Dear Friends & Seafarers,
Many thanks for the wishes. We wishwish you all the best and every success in 2016. We hope you enjoy the holidays in good spirits and good health. May the year 2016 and every year after that bring good tidings and positive changes in every aspect of your family and business. We wish the best for the offshore industry with hope that 2016 will bring a rise in global Crude Oil prices, resulting in more Job Orders.
We look forward to building a professional partnership in 2016.
This week, despite the decline of the Offshore Industry, more than 147 seafarers came to apply and update their CVs. Our staff is checking their passport and having a discussion between the seafarers and our staff. We are getting more and more resumes, whilst job openings crew deployments are reducing.
This morning, our team was explaining how to register online CVs through the website and also preparing to explain the terms of agreement and money transfers.
This afternoon at our office