Offshore projects face cost surge as industry battles for scarce supply chain resources

With costs spiralling, schedules stretching and shipyards fully booked well into the next decade, contractors and operators are now fighting for a limited pool of resources

OoceanStar chief executive David Wu speaking at the Global Offshore Energy Engineering China Supply Chain Summit 2025.
OoceanStar chief executive David Wu speaking at the Global Offshore Energy Engineering China Supply Chain Summit 2025.Photo: TOPCO
Published 27 August 2025, 00:42Updated 27 August 2025, 00:43
Oceanstar Elite GroupSBM OffshoreChinaModecBW Offshore