A CIMB research note reflects at least $16 billion of oil and gas projects are in the pipeline, translating to a doubling of Indonesia’s estimated annual OSV expenditure of $1 billion.
Data from the Indonesia National Shipowners Association (INSA) shows an increase in the number of offshore vessels plying Indonesian waters to 768, up from 700 in 2013, with the split in favour of anchor handling tug supply vessels over platform supply vessels.
The
