The international offshore rig sector has experienced several years of sustained growth on the strength of high global demand and restricted supply of suitable and available rigs. Day rates have risen to some of the highest ever levels. Future prospects for the offshore rig sector look to be positive in the near-term, although current newbuilding orders may place pressure on day rates in the near future. Nevertheless, continuous growth in offshore drilling and production for oil and gas is forecast to maintain interest in the offshore rig sector well into the future.

The international offshore support vessel sector has enjoyed large-scale growth in recent years. In addition, day rates have risen to some of their highest ever levels. Future prospects for the offshore support vessel sector look to be positive in the near-term, although current newbuilding orders may place a downward pressure on day rates in the near future.