STX OSV Offshore-Vessel Orders May Rebound on Oil, Financing
This article is for subscribers only.
STX OSV Holdings Ltd., the world’s biggest maker of oil-rig support vessels, said orders may rebound next year as energy prices rise and credit markets improve.
“There is demand out there,” Chief Executive Officer Roy Reite said in an interview yesterday in Singapore. “If things normalize in the banking world, we think this demand will be filled.” He declined to give a forecast for contracts next year.