Page 14: of Offshore Engineer Magazine (May/Jun 2023)

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MARKETS SUBSEA CONSTRUCTION VESSELS ©AdobeStock/Arild

Inside the “Hot Demand” for Subsea

Construction Vessels

A rising tide lifs all boats, as the saying goes, and while the ofshore industry is currently experiencing a wide-ranging surge, there are vessel types and specifc market segments that are expected to beneft more than others.

By Jesper Skjong, Analyst, Fearnley Offshore Supply rising tide lifts all boats, as the saying goes, and vary, for the purposes of this article, we will focus on what while the offshore industry is currently expe- we at Fearnley Offshore Supply defne as subsea construction riencing a wide-ranging surge, there are vessel vessels (CON), anchor handling construction vessels (AH- types and specifc market segments that are ex- CON), light construction vessels (LCV), and multi-purpose

A pected to beneft more than others. supply vessels (MPSV) above 68m length overall.

One such segment is the offshore construction vessel When we examine the feet development within these (OCV) types, which to an increasing degree have found asset classes specifcally, we fnd both similarities and dif- themselves in hot demand from both oil and gas develop- ferences compared to the offshore support vessels (OSV) ments as well as offshore wind activities. feet overall.

While vessel defnitions and abbreviations in this space can Here as well, the market experienced an unprecedent- 14 OFFSHORE ENGINEER OEDIGITAL.COM