July 2026

2 posts published

28 July 2026MSI

‘Astonishing year’ sees VLCC contracting smash through historical records

The first half of 2026 has seen VLCC contracting surge, exceeding previous annual records by a huge margin. MSI reports 177 VLCCs totalling 54.5m dwt ordered during the first half of 2026, with the VLCC orderbook-to-fleet ratio at around 35% as of June, up from just 2% in 2023. Even if no further orders had … Continue reading ‘Astonishing year’ sees VLCC contracting smash through historical records →

Oil TankerShipbuilding

28 July 2026MSI

Newbuilds likely to be needed as Southeast Asia’s OSV fleet ages

Southeast Asia’s fleet of platform supply vessels (PSVs) and anchor-handling tug/supply (AHTS) vessels is ageing. At the same time, demand is increasing, driven by higher oil prices and concerns about energy security. As MSI associate director Todd Jensen told OSJ, anchor-handling tugs account for around 70% of active vessels in the region. Mr Jensen and his … Continue reading Newbuilds likely to be needed as Southeast Asia’s OSV fleet ages →

MODU Jack-Up RigOffshoreOSV Anchor HandlerOSV Platform Supply

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