Newbuilds likely to be needed as Southeast Asia’s OSV fleet ages
MSI28 July 20261 Minute
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 colleagues at MSI expect utilisation to continue to increase in 2H 2026 and in 2027, not least because of a number of jack-up rig contracts signed in H1 2026, which will drive demand for vessels. Read more at Riviera.