Speculative Orders Dominate OSV Headlines, But the Numbers Tell Another Story

Posted
Matthew Rigdon, Executive VP and COO

A prominent trade publication covering the offshore marine industry recently published an article highlighting the “large” order book of OSVs and noted that about 50% of the order book was ordered speculatively. The headline summed this up concisely but also came across as alarming. Given the limited number of new build OSVs announced in recent…