With utilisation levels in decline, rates at opex levels and vessels of all types and sizes laid up, one country in the Southeast Asian offshore support vessel market -Indonesia - could provide a bright spot. "Indonesia may prove to be a bright spot," said Fearnley Offshore Supply AS (FOSAS) in its latest report on the offshore vessel sector, which was published on 3 October 2016. "Tender activity is on the rise here, and utilisation for the larger owners has crept up to around 60 per cent and a number of projects have been earmarked for 2017, coupled with governmental push for increased development drilling.
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