SOV/CSOV Shipbuilding Market: Strong Growth, Volatility in Coming 5 Years

Greg Trauthwein
Monday, February 10, 2025

As offshore wind farms grow larger and further offshore, the demand grows for bigger, more capable vessels. Enter the Service Operation Vessel (SOV) and Commissioning Service Operation Vessel (CSOV) segments, which according to Phil Lewis, Director of Research, Intelatus Global Partners, are drawing a fair amount of speculative ordering today. Maintaining vessel supply and demand while eyeing day rates to support the industry is a perpetual challenge.


Related Stories

More to Consider than CO2 in CCS Leakage Risks

Russia’s Lukoil Agrees to Sell Foreign Assets to US’ Carlyle Group

Worley Nets Equinor’s Framework Deal for Norway Offshore Assets

Current News

More to Consider than CO2 in CCS Leakage Risks

France Calls Draft Law on Oil Exploration in Overseas Territories

Formosa 4 Offshore Wind Substation Enters Fabrication Phase

Mozambique and TotalEnergies Restart Stalled $20B LNG Project

Subscribe for OE Digital E‑News