ODS-Petrodata Releases International Offshore Wind Vessels Market Report (USA)

ODS-Petrodata today announces the release of the International Offshore Wind Vessels Market Report. Covering the growth of the global offshore wind vessel market, this report examines market dynamics such as the events leading us to an oversupply of installation vessels in the near future.

With 23 new and specialised installation vessels due to be delivered to the offshore wind market between 2011 and 2013, ODS-Petrodata forecasts an oversupply of turbine and foundation installers in the global market between 2012 and 2015 and an increase in annual installation capabilities from 672 turbines in 2011 to 1,960 turbines in 2013. Our team predicts a drop in day rates as the current bottleneck in the turbine and foundation market disappears, as well as the return of less specialised vessels to their original sectors and the retirement of less capable vessels to offshore wind operations and maintenance. Bottlenecks, however, are likely in the cable installation market. With a 1,300% increase in the volume of export cable needing to be installed between 2011 and 2019, along with increasing demand for inter-array cabling installation, over 30 cable installers equipped with dynamic positioning (DP), are likely to be required by the global market by 2020. The European market alone is likely to require up to 24 DP cable installers by 2016.

In its first edition, the new International Offshore Wind Vessels Market Report from ODS-Petrodata reviews the global offshore wind vessel market – from how it is performing today to forecasts of the future capabilities of the industry through to 2020. The only detailed report available on the offshore wind vessels market, it offers day rates for each market segment (Installation, Cable, O&M, and Accommodation Vessels), coverage of the Chinese vessels market, and analysis and in-depth knowledge of current and future predicted installation rates. No other report on the market today boasts data in all of these areas.

About ODS-Petrodata

Founded in 2002, ODS-Petrodata provides companies operating in the offshore oil and gas arena with an independent, authoritative source for market intelligence, data, market research, and consulting services.

Building on a solid base of over 50 years combined experience of our predecessor companies (Offshore Data Services, Inc., Petrodata Ltd., and Bassoe Offshore Consultants Ltd.), ODS-Petrodata has expanded its horizons. Today, our team puts their expertise to work for clients across the globe from offices in the world’s major upstream energy markets, including Houston, Aberdeen, Oslo, Dubai, and Singapore.



Source: eworldwire, February 09, 2011