MODU Jack-Up Rig — MSI Blog

28 July 2026MSI

Newbuilds likely to be needed as Southeast Asia’s OSV fleet ages

Southeast Asia’s fleet of platform supply vessels (PSVs) and anchor-handling tug/supply (AHTS) vessels is ageing. At the same time, demand is increasing, driven by higher oil prices and concerns about energy security. As MSI associate director Todd Jensen told OSJ, anchor-handling tugs account for around 70% of active vessels in the region. Mr Jensen and his … Continue reading Newbuilds likely to be needed as Southeast Asia’s OSV fleet ages →

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23 June 2026MSI

Offshore vessel owners continue to favour replacement over newbuilds

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.

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4 June 2026MSI

Structural risks on the horizon in Middle East offshore industry

A combination of contract terminations, spiralling insurance costs and the threat to EPC projects are creating a complex combination of risk for offshore operators in the Middle East as a result of the closure of the Strait of Hormuz In its latest Horizon Monthly Offshore report, MSI notes that, whilst contract terminations for rigs have … Continue reading Structural risks on the horizon in Middle East offshore industry →

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20 October 2025MSI

Middle East OSV demand to plateau in 2026 before increase in 2027

The Middle East offshore supply vessel (OSV) market is characterized by strong demand, tight supply and an aging fleet. Major players dominate regional markets, but fragmentation persists, leading to potential consolidation, writes MSI Associate Director Todd Jensen. Read more at Offshore.

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14 July 2025MSI

MSI Consultancy Case Study – Optimal offshore fleet and acquisition strategy

The client, a leading Middle East vessel operator, wished to enter the offshore marine services market, and required a detailed market assessment and business plan incorporating cashflow and capital requirement forecasts. A key project element was optimising the fleet composition to marry asset flexibility with commercial performance. MSI studied global and regional market dynamics for … Continue reading MSI Consultancy Case Study – Optimal offshore fleet and acquisition strategy →

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2 July 2025MSI

MSI Consultancy Case Study – Market Entry

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 →

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9 July 2024MSI

MODU Market Shrugs Off Contract Suspensions to Keep Year of Growth in Sight

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 →

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19 February 2024MSI

Interview: With new oil & gas horizons calling, will the North Sea hold sway over its existing rig fleet?

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? →

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1 August 2023MSI

Valaris reactivates another floater

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.

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18 July 2023MSI

Dividend resumption ‘a sign of confidence’ in offshore rig market, says Barclays

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

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18 July 2023MSI

Are the stars aligned for an OSV newbuilding programme?

Market preference for younger tonnage puts a newbuilding cycle on the horizon, writes MSI. Read more at Riviera

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17 July 2023MSI

Operators ‘wait and see’ as floater reactivation economics passes the tipping point

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

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28 February 2023MSI

Shortages expected in offshore construction support vessels

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

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10 February 2023MSI

Subsea market opportunities and technology developments revealed

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

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3 January 2023MSI

Repair yards and offshore wind make for sound investments

The industry is set for one of the most dynamic periods it has ever witnessed during the remainder of the decade as it grapples with decarbonisation, the energy transition, geopolitical ramifications and the further maturing of the Chinese economy. Read more in TradeWinds

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19 July 2022MSI

New offshore projects coming in UK and Norway

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 →

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15 June 2022MSI

West Africa Market Harbors Positive Potential for MODU Operators

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 →

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4 April 2022MSI

Rigs report: global floater utilisation to hit 90% by 2024

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

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30 July 2021MSI

Oilfield service sector needs consolidation to survive MSI warns

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

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1 April 2020MSI

Saudi Decision Will See Oil Markets Take a Bath

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

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1 April 2020MSI

Collapse of OPEC+ and offshore market impacts

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

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23 October 2019MSI

Malaysia upstream a ‘saviour’ for regional OSV owners

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

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17 July 2019MSI

Carbon Carriers

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 →

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