We are entering in interesting period in the subsea vessel market, as contract backlog among the EPCs continue to rise to new all-time highs, existing long-term contracts are coming up for renewals, and a wave of newbuilds are closing in on delivery. On the top end, the market dynamics are changing as the Tier 1 EPC landscape is consolidating
Jifmar Group has completed the transfer of Seacontractors’ fleet of 15 workboats, finalizing a deal signed in August and strengthening its presence in the Middle East and Indian Ocean.The vessels and associated teams formally joined Jifmar on November 19, the company said.The transaction also includes a six-month transfer services agreement under which Seacontractors will continue supporting