Deepwater OSV Fuel, Age Limit New Build Futures

Posted
Matthew Rigdon, Executive VP and COO

Deepwater OSV charters, particularly those of Super Major oil companies, have long had a strong age limit preference (if not strict rule) to cap the age of vessels in their term-charter fleet. These limitations are now being reconsidered as charterers recognize that the current fleet is aging, yet there are no new vessels in construction…