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Clarksons Predicts $26B Boom in Offshore Vessels

Offshore Wind
January 23, 2023

The respected London-based Clarksons predicts a $26 billion investment in new vessels to serve the offshore wind industry within the decade. Installation vessels and support vessels both will make up a large portion of newbuilds in the coming years. The uptick in government contracts for large scale offshore wind programs may create new deal opportunity to finance and charter the new vessels in construction. Industry growth is projected to continue along a rapid incline as offshore wind becomes an increasingly feasible and desirable source of global energy.

The opinions expressed are those of the author(s) and do not necessarily reflect the views of the firm or its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.


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