Calls for more scrapping of older offshore support
vessels (OSVs) were welcomed from operators and builders alike during the
opening session of TradeWinds Offshore Marine conference in Singapore
Speaking to more than 140 delegates, Hallin
Marine’s business development director John Payne suggested that supply would
continue to outstrip demand as long as a market remained for older
tonnage. Payne welcomed the development
of new designs from fellow panelist Torgeir Haugan of STX OSV but questioned
whether the market ‘could afford’ the new designs in a market where ‘price
comes first, technology second’.
Highlighting a long-term shift from AHTS to PSVs in
Asia , Fearnley’s broker Harald Paulsen Lovik
told delegates during the Q&A session that European vessel designs
incorporating greater fuel efficiencies, carrying capacities and lower
emissions were gaining ground in Asian markets.
But despite predictions of growing demand for OSVs
to service deepwater E&P activity in China, Malaysia and Indonesia, Lovik
predicted that day rates would remain flat for the next 9-12 months, giving
rise to questions of whether charterers would be prepared to pay for more
expensive and technically advanced boats.
Wärtsilä VP, Riku-Pekka Hägg noted that while there
was interest in high tech vessels in Asia, the enthusiasm was not reflected in
the charter rates. He added that ‘modest steps’ towards high end vessels were
being driven by legislation in market characterized by an ‘extreme focus on
cost.’
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Source: NHST Events Press Release. 24 November 2011
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