OSV is a sea motor vessel used for transmitting cargos, goods, supplies, crews, and offshore exploration and production equipment across oil platforms. OSV supports marine offshore drilling activities through the transportation of offshore energy resources, and it also facilitates oil rigs installation process. It is mostly used by oil and gas companies for exploration and production (E&P) activities. OSV is operated by ship owners or by companies that take OSV on lease. In addition, OSV facilitates the maritime logistics operation for various other industries such as Subsea and Deep Water Mining.
Analysts forecast the Global OSV market to grow at a CAGR of 4.81 percent over the period 2013-2018.
The Report recognizes the following companies as the key players in the Global Offshore Supply Vessel (OSV) Market: Bourbon SA, SEACOR Holdings Inc., Swire Pacific Ltd. and Tidewater Inc.
Other Prominent Vendors in the market are: Abdon Callais Offshore, ABG Shipyard, Bass Marine, Bharati Shipyard, BP Shipping, China Oilfield Services, Deep Sea Supply, Eastern Shipbuilding, Edison Chouest, EMAS, Farstad Shipping, Gulfmark Offshore, Halul Offshore Services, Harvey Gulf International Marine, Havila Shipping, Hornbeck Offshore, Intermarine, Island Offshore Management, KG Offshore Services, Maersk Supply Service, Nam Cheong, Odyssea Marine, OGX, Pacific Richfield, Pemex, Petrobras, Rem Maritime, Remontowa, Sanko Line, Siem Offshore, Simon Møkster Shipping, Sinopacific, Solstad Offshore, Topaz Energy and Marine, Trico Marine Services, Vroon Group, Whitesea Shipping and Supply, Zakher Marine and Zamil Operations.
The increase in demand for higher-capacity vessels is one of the key trends emerging in this market that will support complex marine operations. The high-capacity vessels will support adverse weather and sea conditions.
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Covered in this Report
This report covers the present scenario and the growth prospects of the Global OSV market for the period 2014-2018. To calculate the market size, this report covers the revenue generated by OSV providers. The report presents an in-depth analysis of different types of OSV in terms of revenue generated, fleet size of vessels, age of vessels, engine type, and geographical presence of fleets in different regions.
Global OSV Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global OSV market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
According to the report, one of the main drivers of the Global OSV market is the increase in the offshore E&P activities of oil and gas companies. The exploration and production capital expenditure of these companies is increasing, thus driving the demand for marine support vessels.
Further, the report states that The Global OSV market is capital-intensive in nature, which is one of the major challenges hindering the market growth. The manufacturing and maintenance of an OSV fleet require huge investment and the high operational costs of OSVs lead to an increase in the CAPEX of companies.
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