Οffshore orders strong in Q1
Tuesday, 24 April 2012 | 14:30
Newbuilding investment into the offshore sector accounts for about half the total orderbook value in the first three months of this year, according to shipbroker Clarkson.
In the first quarter, out of an overall $14.1bn contracted in the world, $7.2bn was invested in offshore such as FPSO, drillships and offshore support vessels (OSVs), $2.4bn in LPG/LNG carriers, $1.8bn in tankers and $1.4bn in bulkers.
During the same period, about 199 vessels of a cumulative 3.8m cgt were contracted, of which 60 were OSVs, 25 product carriers, 22 LPG carriers, and 10 LNG carriers.
The offshore sector is in a sweet spot as E&P expenditures by oil majors are high on firm crude oil prices, prompting demand for offshore vessels, drillships and rigs.