SOV/CSOV Shipbuilding Market: Strong Growth, Volatility in Coming 5 Years

Greg Trauthwein

February 10, 2025

SOV/CSOV Shipbuilding Market: Strong Growth, Volatility in Coming 5 Years

As offshore wind farms grow larger and further offshore, the demand grows for bigger, more capable vessels. Enter the Service Operation Vessel (SOV) and Commissioning Service Operation Vessel (CSOV) segments, which according to Phil Lewis, Director of Research, Intelatus Global Partners, are drawing a fair amount of speculative ordering today. Maintaining vessel supply and demand while eyeing day rates to support the industry is a perpetual challenge.

Gallery: Itapu Oil Field FPSO Leaves Shipyard (Brazil)

October 18, 2022

Gallery: Itapu Oil Field FPSO Leaves Shipyard (Brazil)

Aker Solutions, Drydocks to Upgrade Petrojarl Knarr FPSO for Deployment at Equinor's Rosebank Field

January 9, 2023

Aker Solutions, Drydocks to Upgrade Petrojarl Knarr FPSO for Deployment at Equinor's Rosebank Field

How Serious a Problem is the Cost Issue in U.S. Offshore Wind?

September 4, 2023

How Serious a Problem is the Cost Issue in U.S. Offshore Wind?

Exxon Mobil Continues to Ramp Up LNG Portfolio

March 22, 2024

Exxon Mobil Continues to Ramp Up LNG Portfolio

Preparing for Floating Wind – Leveraging the Oil & Gas Supply Chain

June 28, 2024

Preparing for Floating Wind – Leveraging the Oil & Gas Supply Chain

Saipem Confirms Shell's Gato do Mato FPSO LNTP

June 15, 2022

Saipem Confirms Shell's Gato do Mato FPSO LNTP