DNV GL OFFSHORE UPDATE

Well, last year has proven to be very difficult for the offshore industry all around the world. However, this year have been predicted to be ever more challenging for all of us. The cost saving affects the oil and gas exploration and production activities, and the demand for the offshore supply and support ships is reducing. In some areas the percentage of the laid-up fleet reaches unbelievable ten percent.

The low oil prices force charterers to focus on reducing their costs. In the present release readers will find some interesting articles explaining how the three major factors, i.e. safety, availability and reduced cost may be combined. It shall be noted that operational savings are not only coming from onboard activities but rather from proper planning of various related activities, effectiveness of logistics and some other factors. One will have to perform quite a deep analysis to find out how to reduce the consumption of fuel and get to know how new technologies may help in improving the operational performance of the vessels.

In addition to all above, this publication contains some recommendations on improving the performance of the OSVs, managing proper lay-up of the ships, addresses some economical and business aspects etc.