Gulf yards cast wider net as oil slump drags on

摘要

A deafening silence has descended on shipyards along the Gulf Coast in the wake of the titanic sinking of the global oil market. A mere handful of crew boats and OSVs are edging toward completion - the remnants of existing contracts. And when the price of oil rises, overcapacity will show its face, further dampening the prospects for new contracts in what is another reality: a world of Tier 4 emissions requirements. When things turn, the market for high-spec OSVs may be the only bright spot.