The Middle Eastern Offshore Market (1)
Understanding a key market for Offshore Support Vessels
I just got off a call with an offshore veteran in the Middle East and it was very illuminating. I’m excited to share what I learned!
BUT FIRST — special thanks to the members who nudged me, asking, “When will we be reading about OSV’s again?” — you are the inspiration for this post.
At first glance, the Middle East doesn’t seem like the most important market for OSV investors. But because both Tidewater TDW 0.00%↑ and SEACOR Marine SMHI 0.00%↑have assets there — and because of Saudi Aramco’s news which caused a huge sell-of in offshore stocks — it seems unwise to ignore it.