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A new report from VesselsValue shows the remarkable leap in offshore newbuild prices with some asset classes nearly doubling in the space of just three years.
Offshore values for five-year-old, large anchor handling tug supply (AHTS) vessels have spiked by 97% since 2021, according to data from VesselsValue. Platform supply vessels (PSVs) have spiked by 67%. Prices have been supported by a low orderbook.
“Vessel prices in the offshore market have risen by a huge margin since 2021,” commented Dan Nash, associate director of valuation and analytics at VesselsValue.
OSV rates have been incredibly firm throughout 2024. The OSV rate index managed by Clarksons Research is currently sitting at all-time highs beating out the previous peak recorded in late 2008.
“OSV demand is up 2% y-o-y, or 30% since the 2020 low (75% utilisation). Given the small orderbook and difficulty of reactivating lay-ups, dayrates look set to remain supported,” Clarksons noted in a recent offshore markets update.
Many segments in shipping are enjoying highly profitable times, however the single best investment owners could make today is in offshore support vessels, according to new analysis unveiled in Singapore late last month.
Speaking at Marine Money Asia, Dr Adam Kent, managing director of British consultancy Maritime Strategies International (MSI), gave his broad take on all the shipping and offshore markets, identifying the best investments to make today.
In terms of buying a five-year-old secondhand vessel, chartering it for three years and then selling it, by some distance offshore vessels such as PSVs and anchor handlers make for the best returns in shipping today, the MSI analysis shows. |
