Offshore Support - Past Reports

Offshore Support Market Report - Sept 2021

In our September 2021 offshore market report, Marcon reports 587 supply, tug supply, crew, fast supply and pilot boats officially on the market for sale out of 4,109 tracked worldwide. Since our last report in March 2021, the offshore supply market appears to continue to improve in most geographic regions. With the continuing battle with varying country and industry responses to the COVID 19 pandemic, economic crises, natural disasters, global supply chain disruptions, et al, there are unequal changes to the offshore supply market. Marcon has had few inquiries for offshore supply vessels and crew boats in the U.S., though we have heard of some sales at just above scrap prices for laid up tonnage. Worldwide operational boats are in limited supply, which will improve second-hand prices and day rates in the near term.

Offshore Support Market Report - March 2021

In our March 2021 offshore market report, Marcon reports 618 supply, tug supply, crew, fast supply and pilot boats officially on the market for sale out of 4,119 tracked worldwide. The pandemic severely stalled sales activity from the second quarter of 2020 onward. Demand and prices were significantly depressed and we had several sales cancel due to the inability to travel, arrange deliveries or due to cancellation of projects. On a positive note, the market seems to be improving somewhat as we move further into 2021. In spite of this, the OSV market, especially in the U.S., has been over tonnage which will remain an issue impacting prices for the foreseeable future.

Offshore Support Market Report - Sept 2020

In our inaugural combined crew and supply market report, Marcon reports 557 supply, tug supply, crew, fast supply and pilot boats officially on the market for sale out of 4,120 tracked worldwide. To date in 2020, Marcon has sold a 42' crew boat and a 254' PSV. The stagnation in the oilfield service vessel market continues to persist. Since our last report, the world economies were effectively upended by the ramifications related to the Covid-19 pandemic and the historical impact it has had world-wide. Utilization levels are still flat or down year on year and any sales that are occurring are typically at distressed levels.