OSV Construction

While at Chouest, it seems their shipyards were focused on new tugs and windfarm vessels. Not too much info out there on anyone ordering new OSV’s. The price of oil has been high for quite some time, and there’s been very little construction to replace older equipment. Seems everyone is still hunkered in from the 2012-2015 low cycle…saving no COLA adjustments to wages for another topic.