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Home›News›Shipping cos to invest more in offshore sector
News

April 19, 2006 · about 20 years ago

Shipping cos to invest more in offshore sector

With the boom in the oil and gas exploration sector, fuelled by the recent awarding of new blocks under NELP VI, Indian shipping companies are tanking up to sharpen their focus on the offshore segment. Since offshore installations are away from shore, these require various kinds of support services

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With the boom in the oil and gas exploration sector, fuelled by the recent awarding of new blocks under NELP VI, Indian shipping companies are tanking up to sharpen their focus on the offshore segment. Since offshore installations are away from shore, these require various kinds of support services such as delivering drilling supplies, fuel, water and food, moving personnel to and from the installations, towing rigs from one location to the other and supporting offshore construction projects. Hence, the installations need to deploy various support vessels such as Anchor Handling Tugs and Platform Support Vessels.

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