Maritime Jobs
Tuesday, October 23, 2018

OSM Sees Offshore Activity Uptick

May 2, 2017

Paolo Croatto (Photo: OSM)

Paolo Croatto (Photo: OSM)

OSM: eight offshore vessels taken over and more than 200 crew positions added since January 2017

The offshore supply industry is largely in turmoil, staring down issues with overcapacity, lay-ups, layoffs, industry restructuring and asset speculation happening on a broad scale.
OSM, a Norway based third-party management provider in the maritime industry, said it saw an increased number of vessels laid-up in 2016 with a reduction in the available offshore crew positions, but so far 2017 has been a different story. 
“Vessels where OSM manage the crew have been entering back into operation and new vessels have come into the fleet. Over 200 positions have been added,” said OSM Crew Director Jan F. Tallaksen. 
Commenting on the industry’s status, OSM’s Managing Director for Technical Management and Services in Arendal office, Paolo Croatto, said, “The ongoing offshore crisis has spurred many vessel owners to take a critical look at their options. Some smaller niche players have seen the need to refocus their attention on the business and commercial sides while attempting to cut costs on their operations. Some financial investors have repossessed their vessels following difficulties with the charterer’s ability to face commitments. Others, treating the ‘crisis’ as an opportunity, have taken advantage of the depressed market as a possibility to take over tonnage at competitive prices.”
Whether the increase in number of offshore crew positions and vessel takeovers is a sign of market recovery is too early to say, but OSM believes the company’s position in the market is strong. Croatto said, “We are pleased to see that different kinds of owners with different challenges come to us and ask for help. The fact that we in only three months have seen eight offshore vessels coming into our fleet, and more seem to be coming, confirms that we can offer what the customers need.”

Featured Jobs

Marine Superintendent

Oregon State University's College of Earth, Ocean, and Atmospheric SciencesNewport, Oregon, United States

Boatswain Mate

Maine Maritime AcademyCastine, ME, USA

Third Assistant Engineer

Maine Maritime AcademyCastine, ME, USA

Shipyard Director of Operations

Blount BoatsWarren, RI, USA

O&M Foreman

Baraga, MI, United States

Yacht Cabinetry Builder

Thunderbolt Marine, IncThunderbolt, GEORGIA, United States

Marine Electrician

Thunderbolt Marine, Inc

Featured Employers

Blount Boats

Blount Boats, Inc. is a full-service shipyard specializing in design, construction and repair of ste

Maine Maritime Academy

Maine Maritime Academy is a public post-secondary college and nautical training institution with app

Thunderbolt Marine, Inc

Thunderbolt Marine Inc. is a full service refit and repair facility dedicated to delivering the high

Oregon State University's College of Earth, Ocean, and Atmospheric Sciences

The College of Earth, Ocean, and Atmospheric Sciences is an internationally recognized leader in the