Uploaded February 2025 | Updated September 2026, 3 weeks ago
As offshore wind farms grow larger and further offshore, the demand grows for bigger, more capable vessels. Enter the Service Operation Vessel (SOV) and Commissioning Service Operation Vessel (CSOV) segments, which according to Phil Lewis, Director of Research, Intelatus Global Partners, are drawing a fair amount of speculative ordering today. Maintaining vessel supply and demand while eyeing day rates to support the industry is a perpetual challenge.
#SOV #CSOV #offshorewind #offshore
As offshore wind farms grow larger and further offshore, the demand grows for bigger, more capable vessels. Enter the Service Operation Vessel (SOV) and Commissioning Service Operation Vessel (CSOV) segments, which according to Phil Lewis, Director of Research, Intelatus Global Partners, are drawing a fair amount of speculative ordering today. Maintaining vessel supply and demand while eyeing day rates to support the industry is a perpetual challenge.
#SOV #CSOV #offshorewind #offshore







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Stevens Towing is a fourth generation towing company with its headquarters on Yonges Island, SC. For many years, it operated a ship and boat repair facility, mostly for its own use. About six years ago the fourth-generation leader of the family company, Johnson Stevens, decided to invest in the shipyard portion of the business and open up further to attract outside commercial work. As Ray Kinsella said in Field of Dreams, if you build it, [they] will come, and come the business did to Stevens Towing vessel repair facility, which has found a strong and growing niche. Kurt Olsen, VP, Ship Operations, discussed with Maritime Reporter TV the assets, the people and the investments in ship and boat repair capability that are driving business today. Stevens Towing: Building its Ship Repair Niche](https://i.ytimg.com/vi/yIYkxYwQZUA/mqdefault.jpg)


