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

GO Searcher Multi-Purpose Vessel Returns to Guice Offshore Fleet

Northern Lights CCS Fleet Grows with First Bernard Schulte's LCO2 Carrier

Navitas Takes Operatorship of South Africa Offshore Block from Eco Atlantic

Current News

GO Searcher Multi-Purpose Vessel Returns to Guice Offshore Fleet

UAE Oil Pipeline to Bypass Hormuz Reaches 50% Completion

BP Adds Three Exploration Blocks off Indonesia

Aquaterra’s RAF System for UK CCS Project Enters Fabrication Phase

Subscribe for OE Digital E‑News