The New Orleans International WorkBoat Show comes as the OSV industry appears on the cusp of a recovery
The International WorkBoat Show will take place in New Orleans, Louisiana from Wednesday 27 to Friday 30 November. A full conference programme will run alongside the main expo, covering maintenance and repair, offshore, tugs and coastal towing, shipyards, inland waterways and passenger vessels.
The offshore track will begin on Thursday 29 November, with Jackson Offshore Operators executive vice president and chief operating officer Matthew Rigdon the featured speaker. The “OSV Update for Gulf of Mexico & Global Markets” session will feature Bureau of Ocean Energy Management (BOEM) Gulf of Mexico director Mike Celata and IHS Markit MarineBase senior marine analyst Richard Sanchez. Mr Celata will discuss BOEM’s mission, while Mr Sanchez will be presenting his views on the current state of the OSV industry in the US Gulf of Mexico and Latin America. Areas covered will include deep and shallow-water OSV utilisation in the US Gulf, the Latin American market, OSV market category day rates, where oil investments will land in the recovering market, and details of the Global Supply Vessel Forecast.
Mr Sanchez told OSJ: “I am optimistic about 2019, I think we are at the beginning of an uneven offshore recovery.”
He noted that while PSV and AHTS markets remain oversupplied, after four years of major downturn in the offshore service industry, there had been a recent contraction in the immediate availability of PSVs and day rates had spiked in the US Gulf. Operators responded with long-term contracts at moderate day rates, but day rates still increased.
“More importantly, operators are offering longer commitments to lock-in low rates; it is a sign of market recovery,” added Mr Sanchez.
The next session in the offshore track, “Oil & Gas Companies: Continuing to Adapt”, focusses on how oil companies in the Gulf of Mexico are adapting to the changing market. Speakers include ExxonMobil category specialist for OSVs, US production and upstream operations procurement John Pace, PPHB LP advisor G. Allen Brooks and Fieldwood Energy LLC president and chief executive officer Matt McCaroll.
ABS director of offshore support vessels Dr Wei Huang will present the “Vessel Reactivation and Class Renewal” session, which will assist owners in identifying the necessary steps for reactivation and renewal of laid-up vessels.
While there is only one operational offshore windfarm in the US, more are in the pipeline and the “Offshore Wind Energy” session will feature studies of existing windfarms, focussing on the design criteria and requirements for placing offshore turbines. Speakers for this session were still to be confirmed at the time of writing.
Multiple equipment suppliers and shipbuilders will showcase products and services of relevance to the offshore sector, while naval architects in attendance will include Technology Associates, Inc, designer of the Enviromax series of energy-efficient OSVs and Elliott Bay Design Group, which is showcasing the 270 large PSV design. Caterpillar will be showcasing its recently announced Asset Intelligence 5.0 system and “Return on Intelligence” campaign, which the company says will increase uptime and decrease total operating costs through condition monitoring of vessels and systems, prognostic assessment and advisory generation.