Offshore Support Vessel

These specifically constructed ships, often known as offshore support vessels (OSVs), are meant to provide logistical maintenance for subsea systems and offshore platforms from the time of installation until the end of the offshore field's service life.The particular challenges you face throughout the design, build, or operation of your offshore service vessel (OSV) necessitate quick thinking and support from experienced partners. Not every OSV is made to handle the same tasks, and conventional methods are frequently insufficient.
Working with leading companies in this field, DNV regularly develops the knowledge and standards needed to enable best practices. We also contribute to the development of new regulations for protecting the environment, assets, and marine life.

Key Players
Aresa Shipyard (Turkey)
Barreras Shipyard (Spain)
Cemre Shipyard (Turkey)
Damen Shipyards (Netherlands)
DSME (Netherlands)
Edison Chouest Offshore, LLC (United States)
Hyundai Mipo Dockyard (South Korea)
Niestern Sander BV (Netherlands)
Remontowa (Poland)
Royal IHC (Netherlands)
Ulstein Group ASA (Norway)
Zamakona Yards (Spain)

Segmentation
By Type
Seismic survey ships
Platform supply vessels (PSV)
Anchor handling tugs 
Supply vessels (AHTS)
Offshore construction vessels (OCV)
ROV support vessels
Dive support vessels
Stand-by vessels
Inspection, maintenance and repair vessels (IMR)

By Depth of Water
Shallow Water

 Deepwater

Market Dynamics
Driver 
Because they are essential for the transportation of personnel, supplies, and equipment to offshore rigs and platforms, OSVs are in high demand in the oil and gas industry. Due to the substantial expansion of the offshore oil and gas industry, there is an increasing demand for offshore support vessels (OSVs) to carry out a range of vital functions for both floating drilling rigs and moored or permanent production platforms. OSV vessels have some of the most technologically advanced amenities since they have undergone a revolution to fulfil a more varied and multipurpose role. Offshore wind farms can lead the way in meeting renewable energy and carbon emission reduction targets, as well as improving future energy security. Offshore wind farms are exceedingly complex businesses, despite their huge potential. Any of these factors could lead to market expansion.

Restraints
Maritime offshore support industry carries a significant risk of major accidents and injuries. Workers in this industry must be well trained and knowledgeable about equipment in order to protect the safety of both themselves and their colleagues.
Because of the harsh weather, turbulent waves, and long hours, working offshore may be extremely taxing. As a result, professionals could feel physically and emotionally strained, which could be harmful to their health and wellness. Owner may run into technical and financial issues.

Opportunity
Trends in offshore support vessels (OSVs) point to a carbon-neutral future where supply chains, port infrastructure, and offshore resources are all closely connected.
They will need to be integrated, fully digitalized, and highly automated in order to work with their supporting ecosystems. The upcoming OSV will be connected and built to provide an unhindered working perspective as well as the ability to see ships, cargo,
Environmentally friendly alternative fuels, low-carbon transitions to energy-storage systems (ESS), and hybrid propulsion choices will power offshore wind turbines (OSVs) in the future. Systems for tracking emissions and improving operational efficiency will also be needed for these OSVs. These ships will have greater autonomy.
Future multifunctional offshore support vessels (OSVs) will be equipped to meet different offshore industries. It will be designed to carry out complex support jobs, with roomy cabins, advanced helidecks, heavy-lift cranes, and elegant hull forms

Recent Industry Insight
On November 2021, IMI and Zamil Offshore launch OSV Joint Venture
On June 2023, Offshore support vessels conference reveals latest industry trends and opportunities
On Apr. 2023, Bureau Veritas (BV), the launch of a new capability that enables Machinery Maintenance Application (MMA) to connect directly to a vessel operator’s own maintenance management system, K-Fleet from Kongsberg Digital.
On May 2022, ABS presents future visions for offshore support vessels 

Recent Merger and Acquisition
On March 2023, Tidewater Announces the Acquisition of 37 Platform Supply Vessels from Solstad Offshore
On March 2022, Tidewater Announces the Acquisition of Swire Pacific Offshore, Creating World’s Leading OSV Operator
On November 2022, ADNOC Logistics & Services Successfully Closes Zakher Marine International Acquisition
On July 2022, ADNOC Logistics & Services Acquires Zakher Marine International 
On April 2022, Adani Acquires India’s Largest Marine Services Company Ocean Sparkle

Key Target Audience
End User
Potential Investors
New Entrants
Innovation and R&D
Suppliers and Manufacturers
Others