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SOS for SOVs? How is the offshore vessel segment adapting to the rapidly evolving offshore wind market

The rapid growth of the offshore wind market in Europe - and the expansion of the wind market to the APAC and US regions has fueled a huge expansion of the SOV market over the last five years.

With a current fleet size of 37 SOVs, and a further 29 newbuilds due to be delivered, the market is showing no signs of slowing down, with the fleet enjoying high levels of utilization, mainly due to long-term OPEX contracts on offer. However, with a number of offshore wind projects struggling with lengthy delays, will demand continue to surge - and how will it measure up between CAPEX and OPEX work? How is the established subsea construction vessel fleet also rising to the challenge?

ConstructionVesselBase Manager, Catherine MacFarlane, and Senior Research Analyst, Ross Macdonald, take a look at the long-term prospects for the fleet in the offshore wind market.


Catherine MacFarlane

Manager, ConstructionVesselBase
S&P Global Commodity Insights

Ross Macdonald

Senior Research Analyst
S&P Global Commodity Insights

Webinar Details

Date: 11 October, 2022

Time: 9:00 AM BST

Duration: 1 hour

Register now to secure a seat for the live session.

This webinar will be a live event comprising of a live Q&A. Once registered, you will receive the instructions to attend.

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