Oil rig and support vessel suppliers have been big beneficiaries as fossil fuel and renewables producers seek to boost output to tackle the global energy crisis, according to Clarksons, the world’s largest shipbroker.
Andi Case, chief executive of UK-listed Clarksons, said the offshore shipping sector had experienced a turnround on the steep rise in global oil and gas prices, which has been exacerbated by Russia’s invasion of Ukraine.
“We’ve seen a very significant change in the outlook. There were 10 years of under-investment and oil was in a bad place,” he said on Monday. “Now the world needs energy. We are seeing a reinvigoration of that trade.”
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