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

OMV Petrom’s Black Sea Well Fails to Find Significant Gas Volumes

IEA: Oil Supply Disruptions to Impact Europe from April

Energean Warns Prolonged Conflict May Delay $1B Gas Project

Current News

DroneQ Robotics, Mark Offshore Collaborate with R/V Mintis

OMV Petrom’s Black Sea Well Fails to Find Significant Gas Volumes

Eco Wave Power Completes Los Angeles Wave Energy Pilot with Shell

Borr Drilling Secures New Drilling Rig Contracts Across Four Regions

Subscribe for OE Digital E‑News