Analysing the rapidly growing Oceanographic Survey Vessel (OSV) market

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Tags: osv

Yousuf Malik

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Oceanographic Survey Vessels (OSVs) are increasingly valued by naval forces to support the high demand for a well researched undersea environmental picture that enables commanders to fully understand and exploit the undersea mission environment. With 373 ships in service with 45 countries plus NATO and with 29 vessels on order in nine countries, there are known current requirements for at least eight new OSVs of different levels of sophistication that could be worth $1.6 billion with a forecast showing requirements in at least 20 countries over the next five years worth $4-5 billion....