Asia

Thailand and Malaysia hot prospects for OSVs

 

Singapore: Thailand and Malaysia are deemed very hot areas for the booming offshore support vessel (OSV) market, says one of the region’s top brokers. Mike Meade, ceo of Asia’s largest independent offshore brokerage M3 Marine reckons the capital expenditure for exploration and production (E&P) in Asia will grow by 53% between 2013 and 2017, with an “above average spend” in India, Malaysia and Indonesia.
 
“We are seeing an increase in activity across the board,” he told our new sister site Maritime CEO, “with notably jack up utilisation – and rates – increasing and the subsea sector described by many as hot.”
 
For more on this story please click here. [30/01/13]

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