New, Higher OSV Build Costs Benefit Existing Fleet

Posted
Matthew Rigdon, Executive VP and COO

JOO has recently participated in an RFI requested asking for indicative charter rates for new deepwater OSVs for oil field service work┬ábased on vessel construction costs. Prior to receiving pricing from our selected yards, I expected to see costs to build a new OSV at around $60 million USD. I was quite wrong, with the…