- The effects of COVID-19 were truly felt well into 2020 both in Australia and across the region. Major projects were cancelled or deferred with companies reducing their workforce as energy demand nosedived and prices were battered.
- The Latin America outlook for 2022 is a positive one as demand and day rates are expected to climb.
- The full impact on the OSV industry remains unclear but already several offshore players have announced plans to divest their interests in the regions' projects.
For further details see:
The Turbulent Journey Of The Offshore Supply Vessel Market