An overview of the main obstacles facing the country's commercial fleet, and the points that vessel owners and buyers should keep in mind.
In recent years the country's maritime industry has faced changes in the supply chain, fuel prices and environmental regulations. These changes have a direct effect on the total cost of each voyage and on the value of fleet assets.
Fleet renewal, access to repair yards and dry docking, and the supply of spare parts are regarded as the three main bottlenecks. To stay profitable, vessel owners have to manage their preventive maintenance programmes and dry dock cycles more carefully than before.
Transparency of market information has a direct effect on fair pricing. Specialist classified platforms shorten the distance between buyer and seller by collecting listings and technical specifications in one place.
With the growth of offshore activity, demand for service vessels such as platform supply vessels (PSVs) may justify investment in this sector. However, returns depend on the technical condition of each vessel and on market conditions.