- The major vendors in the Global Offshore Supply Vessel (OSV) Market 2014-2018 include Bourbon SA, SEACOR Holdings Inc., Swire Pacific Ltd. and Tidewater Inc.
London, 03 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Offshore Supply Vessel (OSV) Market 2014-2018. The increase in demand for higher-capacity vessels is one such trend that will support complex marine operations. In addition, the high-capacity vessels will support adverse weather and sea conditions.
An offshore supply vessel is a sea motor vessel used for transmitting cargos, goods, supplies, crews, and offshore E&P equipment across oil platforms. OSVs support marine offshore drilling activities through transportation of offshore energy resources, and they also facilitate the installation process of oil rigs. They are mostly used by oil and gas companies for E&P activities. They facilitate maritime logistics operations for different industries such as Subsea and Deepwater Mining.
“The market is witnessing the trend of using LNG-fueled OSVs instead of diesel-fueled OSVs because LNG is cost-effective,” Faisal Ghaus, Vice President of TechNavio Research.
“The LNG-fueled vessels will help reduce the costs involved in the operation of OSVs. It is characterized as a low-pressure gas, which is more suited to OSVs.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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