English Polish
Akademia Morska w Szczecinie

DSpace Home

DSpace/Manakin Repository

Title
Commercial and strategic aspects of the offshore vessels market

ISSN printed: 1733-8670, ISSN on-line: 2392-0378
Skoko, Ivica1; Lušić, Zvonimir2; Pušić, Danijel3
URI: https://repository.am.szczecin.pl/handle/123456789/2614
2020-06-29
The offshore oil & gas industry is one of the most important industries in the world and has a direct impact, either positive or negative, on the global economy. In order to ensure continuous exploration and production, various offshore installations must be supplied with all the necessary materials and cargo on a regular daily basis. The most convenient way to do this is by using different types of offshore supply vessels, which constitute one of the most expensive factors in the logistics supply chain in the offshore oil and gas industry. Reliable, cost-efficient, environmentally friendly transport and technically “fit for purpose” offshore vessels are the goal of any oil & gas company. This article presents a review of the offshore oil & gas market and the business strategy which includes offshore supply vessels. The research includes SWOT analyses to emphasize the advantages and challenges in the oil & gas industry and presents the correlation between the crude oil price and the daily rate of offshore vessels and aims to predict future movements in the market.
  1. Aas, B., Halskau Sr, Ø. & Wallace, S.W. (2009) The role of supply vessels in offshore logistics. Maritime Economics and Logistics 11(3), pp. 302–325.,
  2. ABS (2008) Rules for building and classing mobile offshore drilling units. American Bureau of Shipping. [Online] Available from: http://www.eagle.org [Accessed: March 21, 2020]., http://www.eagle.org
  3. Balamuralikrishna, R. & Dugger, J.C. (1995) SWOT Analysis: A Management Tool for Initiating New Programs in Vocational Schools. Journal of Career and Technical Education 12, 1, pp. 36–41.,
  4. Clarksons Research (2019) Offshore Support Vessel Monthly, Volume 10, No. 2. [Online] Available from: https://www. crsl.com/acatalog/offshore-support-vessel-monthly.html [Accessed: March 22, 2020]., https://www. crsl.com/acatalog/offshore-support-vessel-monthly.html
  5. Daleel – Oil & Gas Supply Chain Portal (2018) Platform Supply Vessel (PSV). [Online] April 2018. Available from: https:// www.scmdaleel.com/category/platform–supply–vessel–psv /174 [Accessed: March 21, 2020]., https:// www.scmdaleel.com/category/platform–supply–vessel–psv /174
  6. Earthly Issues (2010) Gulf of Mexico Deep Water Horizon Oil Spill. [Online] July 4. Available from: http://www.earthlyissues. com/gulfspill.htm [Accessed: March 21, 2020]., http://www.earthlyissues. com/gulfspill.htm
  7. ECO | Offshore Service and Supply Vessels (2020) Highly Specialized Vessels Designed for Job-Specific Tasks. [Online] Available from: http://www.chouest.com/vessels.html [Accessed: March 21, 2020]., http://www.chouest.com/vessels.html
  8. EMAS (2015) Q3 FY2015 Investor Presentation. [Online] July. Available from: http://emasoffshore.listedcompany. com/newsroom/20150706_233135_UQ4_AWMYF79YH- 92H5CQS.2.pdf [Accessed: March 21, 2020]., http://emasoffshore.listedcompany. com/newsroom/20150706_233135_UQ4_AWMYF79YH- 92H5CQS.2.pdf
  9. Fagerholt, K. & Lindstad, H. (2000) Optimal policies for maintaining a supply service in the Norwegian Sea. Omega 28, 3, pp. 269–275.,
  10. Fleet | SEACOR Marine (2020) The World’s Largest, Most Technically Advanced Fleet. [Online] Available from: https://seacormarine.com/fleet/ [Accessed: March 21, 2020]., https://seacormarine.com/fleet/
  11. Halvorsen-Weare, E.E., Fagerholt, K., Nonås, L.M. & Asbjørnslett, B.E. (2012) Optimal fleet composition and periodic routing of offshore supply vessels. European Journal of Operational Research 223, 2, pp. 508–517.,
  12. MacroTrends (2016) Brent Crude Oil Prices – 10 Year Daily Chart. [Online] Available from: http://www.macrotrends. net/2480/brent-crude-oil-prices-10-year-daily-chart [Accessed: March 21, 2020].,
  13. Maisiuk, Y. & Gribkovskaia, I. (2014) Fleet sizing for offshore supply vessels with stochastic sailing and service times. Procedia Computer Science 31, pp. 939–948.,
  14. Pantuso, G., Fagerholt, K. & Hvattum, L.M. (2014) A survey on maritime fleet size and mix problems. European Journal of Operational Research 235, 2, pp. 341–349.,
  15. Riviera (2018) Riviera Maritime Media – Digital Editions – Offshore Support Journal. [Online] Available from: https://www.rivieramm.com/digital-editions/offshore-support- journal-september-2018 [Accessed: March 22, 2020]., https://www.rivieramm.com/digital-editions/offshore-support- journal-september-2018
  16. Rose, R.S.K. (2011) Future Characteristics of Offshore Support Vessels. Thesis (S.M.). Massachusetts Institute of Technology,
  17. Sarthy, A. & Ham, J.L. (2005) Modern Offshore Support Vessels Class and Statutory Perspectives. OSV Singapore 2005 – International Conference on Technology & Operation of Offshore Support Vessels at the National University of Singapore, Republic of Singapore.,
  18. Skoko, I., Jurčević, M. & Božić, D. (2013) Logistics Aspect of Offshore Support Vessels on the West Africa Market. Promet – Traffic&Transportation 25(6), pp. 587–593.,
  19. Sopot, E. & Gribkovskaia, I. (2014) Routing of supply vessels to with deliveries and pickups of multiple commodities. Procedia Computer Science 31, pp. 910–917.,

Title

Commercial and strategic aspects of the offshore vessels market

Pages

18-25

Figures

8

Tables

4

ISSN printed

1733-8670

ISSN on-line

2392-0378

DOI

10.17402/415

Type

Journal

62 Scientific Journals of the Maritime University of Szczecin, no. 62 / 2020

Publisher

Scientific Journals Maritime University of Szczecin, Zeszyty Naukowe Akademia Morska w Szczecinie

Copyright Holder

Scientific Journals Maritime University of Szczecin, Zeszyty Naukowe Akademia Morska w Szczecinie

Published

2020-06-29

Recieved

2020-03-24

Accepted

2020-04-17

Funding

No data

Keywords

offshore vessels, offshore market, strategy, crude oil price, day rate, SWOT

URI:

https://repository.am.szczecin.pl/handle/123456789/2614

Language

English

Authors

Skoko, Ivica1; Lušić, Zvonimir2; Pušić, Danijel3

Affiliation

1 University of Split, Faculty of Maritime Studies Ruđera Boškovića 37, 21000 Split, Croatia, ivica.skoko@pfst.hr
2 University of Split, Faculty of Maritime Studies Ruđera Boškovića 37, 21000 Split, Croatia, zvonimir.lusic@pfst.hr
3 University of Split, Faculty of Maritime Studies Ruđera Boškovića 37, 21000 Split, Croatia, danijel.pusic@pfst.hr

Show full item record

Files in this item

Download paper in PDF format
Name: 02-zn-am-62-134-s...
Size: 676.42 KB
Format: PDF
Licence: CC BY 4.0
Download

This item appears in the following Collection(s)

Search repository

Advanced Search

Browse

My Account

RSS Feeds

XML

Cite