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.

Several emails from people who are sick of tanker—related content

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.