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.

Intelatus Provides Snapshot of U.S. Offshore Wind Industry Progress

July 6, 2022

Intelatus Provides Snapshot of U.S. Offshore Wind Industry Progress

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

June 28, 2024

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

US Offshore Wind Segment Showing No Signs of Slowing Down

June 1, 2022

US Offshore Wind Segment Showing No Signs of Slowing Down

Petrobras Orders 10th FPSO for Búzios Field

October 4, 2022

Petrobras Orders 10th FPSO for Búzios Field

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?