Older OSVs Activated. Create Oversupply in USGOM.

Matthew Rigdon, Executive VP and COO

The deepwater OSV market in the US GOM is becoming a “tale of two groups” of vessel supply. The newer, more capable, and most efficient deepwater OSVs are in high demand with sustained long-term contracts. On the side of the market are the oldest, least capable, and least efficient OSVs that are chartered to fill…