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Offshore senses uptick in market but uncertainties remain

An overall positive macroeconomic outlook and increased regional infrastructure spending have suggested an improving business environment for the ailing offshore industry, though a rosy outlook is far from certain, according to Singapore-based OSV shipyard ASL Marine.

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GC Rieber sees improving conditions in H2

Despite challenging market conditons, subsea and seismic specialist GC Rieber Shipping has managed to achieve fleet utilisation for its subsea and ice/support vessels of 92% in the first half, with a contract backlog of NOK515m ($60.8m) as at July 1, 2018.

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