By Liviu Galatanu, BD&I Director, GLO Marine
The apparently long-term decline in oil prices has undoubtedly hit the offshore oil & gas (O&G) industry hard. Suppliers of platform / offshore supply vessel (PSV / OSV) services to the sector in particular find themselves with excess assets and the need to either sell them or put them to more profitable use. While the offshore wind industry and its needs may look very different compared to those of O&G, the fact is that the basic attributes of the latter’s support vessels are well suited to the wind sector, making them ideal for conversion and redeployment in maintenance roles in an industry that is set to enjoy rapid growth for the foreseeable future.