20 posts tagged
As MSI associate director, Todd Jensen, explains, growth in the OSV fleet growth remains measured, with owners focusing on the need to replace older tonnage, rather than embark on newbuilding sprees of the type that have adversely affected it in the past. Read more at Riviera.
MSI recently completed a market entry study for a joint venture between two major Middle Eastern maritime groups. The client sought to enter the offshore marine services market, initially based around OSVs but expanding to a full-service operation incorporating DSVs, CSVs and pipelay/heavy lift assets, and required a detailed market assessment and business plan incorporating … Continue reading MSI Consultancy Case Study – Market Entry →
Many segments in shipping are enjoying highly profitable times, however, the single best investment owners could make today is in offshore support vessels, according to a new analysis unveiled in Singapore yesterday. Speaking at Marine Money Asia, Dr Adam Kent, managing director of British consultancy MSI, gave his broad take on all the shipping and … Continue reading Offshore vessels seen as best investment in shipping today →
Accelerating economic growth, improved demand, and the impact of Red Sea diversions have combined to boost shipping markets across the board in the first half of 2024, says Adam Kent, Managing Director of MSI. Read more at Seatrade Maritime
The Middle East Gulf offshore market continues to exhibit strong growth in contract awards, even as it adjusts to the decision by Saudi NOC Aramco to suspend contracts for over 20 jack-up rigs. The Gulf region continues to contribute strongly to contract volumes in 2024. MSI tracked circa $50 bn of contract awards during the first … Continue reading MODU Market Shrugs Off Contract Suspensions to Keep Year of Growth in Sight →
As the ongoing drilling upcycle empowers rig owners, new offshore drilling playgrounds with better benefits are popping up on the companies’ radars. This interview sheds more light on whether this trend will lead to a further exodus from the North Sea market and a mass pivot toward other destinations. While emission reduction quests are part … Continue reading Interview: With new oil & gas horizons calling, will the North Sea hold sway over its existing rig fleet? →
Today’s announcement from Valaris is in line with the recent insights into floater reactivation prospects made by London-based MSI. Read more at Marinelog.
In a recent report published by MSI they said the improving rig market was incentivising the reactivation of cold-stacked tonnage, but that operators remained “disciplined in their approach”. “Rig owners differ materially in their approach and attitudes towards their stacked fleets,” said MSI’s Offshore and Energy Analyst Pradip Adhikari. Read more at TradeWinds
Strategies of market leaders with cold-stacked tonnage could signal the recovery of the deepwater drilling sector. The floating rig market has long since crossed an inflection point incentivising the reactivation of cold-stacked tonnage, yet operators remain disciplined in their approach, according to new research by MSI. Read more at Splash247.com
Increasing worldwide levels of offshore oil, gas and renewables developments will hike charter rates and remove market slack. According to MSI upstream investment in floating production systems (FPS) and well tie-backs will drive demand for subsea construction and maintenance support vessels this decade. Read more at Riviera
Upstream investment in floating production systems (FPS) and well tie-backs will drive demand for subsea construction and maintenance support vessels this decade. MSI offshore energy market analyst, Joshua Belo-Osagie said “FPS projects in Latin America and West Africa, and maintenance work in the North Sea and Asia are driving market demand.” Read more at Riviera
Offshore support vessel (OSV) owners will benefit from increased investment in the North Sea oil and gas sector, with some deferred projects being brought forward. High energy prices are driving oil and gas companies to expand their expenditure on new offshore projects, some involving billions of dollars of investment for deepwater projects. Watch MSI Director James … Continue reading New offshore projects coming in UK and Norway →
The region could be a key growth market for the oil and gas industry going forward. Improving sentiment surrounds energy market prospects offshore West Africa, the positive mood underpinned by higher oil prices, reformed regulatory frameworks in key markets including Angola and Nigeria and the discovery of major prospects off the Ivory Coast and Namibia … Continue reading West Africa Market Harbors Positive Potential for MODU Operators →
Prospects in South America, notably Brazil, are brightening both for floaters and offshore support vessels (OSVs), particularly for larger anchor handling tug supply (AHTS) and platform supply vessels (PSVs), according to MSI. Read more in Riviera Maritime Media
Drilling contractors and offshore service (OFS) providers should seek consolidation as soon as possible to secure their long-term future. This is one of the conclusions of Maritime Strategies International’s latest MODU Market Report. Read more in Seatrade
A sustained price war could see marginal projects delayed and hasten a predicted decline in new awards, writes Gregory Brown, Maritime Strategies International. Read more
A sustained price war could see marginal projects delayed and hasten a predicted decline in new awards, writes Maritime Strategies International associate director offshore Gregory Brown. Read more
MSI’s Gregory Brown states that utilisation of floating drilling rigs (semi-submersible and drillships) is expected to rise over 70% in 2020. Jack-up rig utilisation is now climbing to more than 65%, statistics have shown. He foresees utilisation for anchor-handlers and PSVs will rise to 60% in 2020, a rise from 50% in 2017-18. Read more
The higher investment level on the Norwegian continental shelf will decline again next year, MSI have reported based on underwhelming exploratory drillings in the Barents Sea. Read more
The consequences for shipping markets of a major shift in energy consumption away from hydrocarbons and towards renewables and biofuels is the subject of a report prepared by MSI on behalf of the European Climate Foundation. MSI’s shipping market modelling systems were used to analyse how global fossil fuel demand reductions could alter inter-regional commodity … Continue reading Carbon Carriers →