Over the next 5 years Douglas-Westwood (DW) expect USD 122 billion to be spent on global subsea vessel operations-an increase of 64% compared with the previous 5-year period. The growth will be driven not only by volumes of work, but also by the growing use of higher-end vessels capable of coping with increasingly harsh operating conditions and evolving customer requirements for safety and operational efficiency. These are among the key findings from DW's World Subsea Vessel Operations Market Forecast 2015-2019.
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