Aleksander Gussøy

OSV Market: Howling Wind Test Tight CSOV Market

As the market moves toward the end of the summer season in the northern hemisphere, several offshore support vessels are expected to roll off their contracts over the coming months. Shipowners are thus already positioning tonnage for the winter and next summer season. The CSOV market has remained tight over the past three months with multiple spot fixtures above EUR 60,000 per day.Throughout the season the market has also seen nine newbuilds delivered since early May…