
Page 8: of Offshore Engineer Magazine (Jan/Feb 2025)
Read this page in Pdf, Flash or Html5 edition of Jan/Feb 2025 Offshore Engineer Magazine
MARKETS SOV/CSOV SEGMENT
UÊ/?iÀÊ£ÊÛiÃÃiÃÊ>ÀiÊ«ÕÀ«?ÃiÊLÕ?ÌÊ?vvÃ??ÀiÊÜ??`Ê*ÓÊÛiÃ- What does this all mean for the ?nancial position of
ÃiÃÊÜ?Ì?Ê??Ì???ÊV??«i?Ã>Ìi`Ê}>?}Ü>ÞÃÊ>ÊÎÊVÀ>?iðÊÊ?iÜÊ owners?
LÕ?`??}ÊÛiÃÃiÃÊ>ÀiÊVÕÀÀi?ÌÞÊ/?iÀÊ£ÊÛiÃÃià We have undertaken an analysis of the ?nancial reports
UÊ/?iÀÊÓÊÛiÃÃiÃÊ>ÀiÊ}i?iÀ>ÞÊV??ÛiÀÌi`Ê??ÊEÊ}>ÃÊ*-6ÃÊ of large SOV/CSOV owners accounting for close to half of >?`Ê*-6ÃÊÜ?Ì?Ê>Ê«iÀ?>?i?ÌÞÊ??ÃÌ>i`ÊÜ>??Ì??Ü?À?ÊÃÞÃÌi?Ê the delivered ?eet.
>?`ÊVÀ>?i°ÊÌÊ«ÀiÃi?Ì]ÊÌ?iÀiÊ?ÃÊ??ÞÊ??iÊ/?iÀÊÓÊV??ÛiÀÃ???Ê??- Many owners already face cash ?ow constraints, balance }???}]Ê>?`ÊÌ??ÃÊ?ÃÊ>ÊëiV?wVÊV>ÃiÊv?ÀÊ1°-°Ê?>À?ḭ sheet pressure, and bottom-line challenges. The forthcom- ing forecast vessel oversupply is only expected to make
Crewing the Vessels conditions more challenging. One consequence is that
A concern for vessel owners is the ability to attract, vessel S&P and company M&A activity will become a key develop and retain suf?cient numbers of competent and theme in the coming years.
quali?ed crew.
In the SOV and CSOV, there are two major challenges to address:
UÊ,iVÀÕ?Ì??}Ê>?Ê>``?Ì???>ÊH£]xääÊÃi???ÀÊVÀiÜÊ«?Ã?Ì???ÃÊ >?`Ê>?Ê>``?Ì???>ÊH£]ÇÓxÊ?Ì?iÀÊ«?Ã?Ì???ÃÊÌ?ÊVÀiÜÊ>ÊÌ?iÊV??- wÀ?Ê?iÜÊLÕ?`??}ÃÊ>ÀÀ?Û??}Ê??ÊÌ?iÊ?>À?iÌÊ??ÊÓäÓx?ÓäÓn°
Report Availability
UÊ``ÀiÃÃ??}Ê??VÀi>Ã??}Ê?V>ÊV??Ìi?ÌÊL>ÀÀ?iÀÃÊ>?`ÊV?ÃÌÃÊv?ÀÊ /?iÊvÕÊÀi«?ÀÌÊ?ÃÊ??ÜÊ>Û>?>LiÊ>ÌÊhttps://intelatus.com/
VÀiÜ??}ÊÛiÃÃiÃÊ??ÊÌ?iÊV?ÀiÊ-"6É -"6Ê?>À?iÌÊ?vÊÌ?iÊ1]Ê
Õ-
Business/sovforecast
À?«i]Ê/>?Ü>?]Ê?Ài>Ê>?`ÊÌ?iÊ1-° 8 OFFSHORE ENGINEER OEDIGITAL.COM