The slump in oil prices has continued to prevail upon the E&P and offshore markets. As a result, charter and utilisation rates continue to show a downward trend, as oil and gas companies cut their capex whilst the supply of offshore vessels increases. Drewry expects to see industry consolidation, asset sales, and alternative uses of vessels as offshore companies look to ride out the industry’s malaise.
Drewry covers the global offshore markets from offices in London, Delhi, Singapore and Shanghai. Over the years Drewry has built a strong reputation in the offshore sector; working for Offshore support & Drilling companies, Financial institutions and Port O&M operators in assignments ranging from market analysis, financial modelling and analysis, to operational assessment, technical and commercial due diligence.
Drewry provides expert advice covering the full spectrum of the commercial and technical aspects of the Offshore Drilling & Support Vessel Industry. We can assist clients in developing their overall business strategies and key investment decisions. Including the identification of opportunities; review of the competitive environment; and potential risks, mitigation, revenue and profitability analysis.