2014 sees significant fall in orders for OSVsNews // October 31, 2014
Data from Clarkson Research Service Limited shows that 2014 has seen a significant fall in the overall number of offshore units ordered and their value.
The number of offshore units of all types ordered in each of the last five 3-4 years was broadly stable, at or around 550–650 per annum, but the number of contracts in 2014 plunged.
After a steep decline between 2007 and 2009, the number of orders for offshore vessels was relatively stable in the period 2010–2013, but Clarkson Research's analysis suggests that 2014 has seen a significant decline in the number of orders.
Fewer than 300 units of all types had been ordered by 30 September 2014.
Many yards are still working their way through orders placed in the last two to three years, but the decline in orders in 2014 does not augur well for yards once they have worked their way through the current orderbook.