Anchor Handling Tug Supply Vessels Market Is Majorly Driven By Rising Exploration And Production Activities In Deep Waters Till 2023 | Million Insights

Anchor Handling Tug Supply Vessels Market Is Majorly Driven By Rising Exploration And Production Activities In Deep Waters Till 2023 | Million Insights

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According to new report available with Million Insights, The major driving factors of the anchor handling tug supply vessel market are increase in demand for energy on the global scale, growing offshore production and exploration activities, growing capital expenditure for oil production for more developments, and growing demand for oil and gas.

The global anchor handling tug supply vessels market is expected to witness substantial growth in the forecast period due to rise in exploration and production activities in deep waters. Anchor handling tug supply vessels are the huge naval vessels used for towing and tugging ships. They are essentially used for placing the oil rigs in the sea and oceanic areas. The vessels are integrated with the winch (a crane like equipment), attached to the oil rigs and driven in the water. Moreover, anchor handling tug supply vessels are also used to rescue other ships in emergency cases. For instance, if any boat or a ship requires instant handling or tugging or towing, and the anchor handling tug is placed in the oceanic area, it then handles the stranded vessels.

Full Research Report On Global Anchor Handling Tug Supply Vessels Market Analysis available at: https://www.millioninsights.com/industry-reports/anchor-handling-tug-supply-vessels-market

The major driving factors of the anchor handling tug supply vessel market are increase in demand for energy on the global scale, growing offshore production and exploration activities, growing capital expenditure for oil production for more developments, and growing demand for oil and gas. However, high maintenance and replacement costs associated with the vessel is hampering the market. One of the major trends observed in the anchor handling tug supply vessel market is increase in subsea vessel operations. Nonetheless, ageing fleet and increasing operational risk are a few challenges in the market.

Gazprom Neft, a leading market player, launched two novel robust icebreaking supply vessels. These vessels play an important role in the crude oil transportation from fields above the Arctic Circle. One of the fields, Novoportovskoye on the Yamal Peninsula, Arctic Circle is an important part of Russian oil producer Gazprom Neft’s plans. Previous year, 9.9M tones oil equivalents were generated from the Arctic field, which was 40 percent more in comparison to the previous year. Since, offering oil to European consumers faced few complex technical and operational challenges, oil is produced at this field is sent through 100 km pipeline to the Arctic Gates station. This is done with the help of 6 particularly designed Arc7 ice-class shuttle tankers that load oil through a single-point mooring system at the station.

The leading players in anchor handling tug supply vessels market include Havila Shipping, BOURBON, Farstad Shipping, Tidewater, SEACOR Holdings, Swire Pacific Offshore Operations, Eastern Shipbuilding, Bass Marine, Harvey Gulf International Marine, China Oilfield Services, Deep Sea Supply, Intermarine, EMAS Offshore, Halul Offshore Services, and Hornbeck Offshore.

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Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Anchor Handling Tug Supply Vessels in these regions, from 2012 to 2023 (forecast), covering

• North America (United States, Canada and Mexico)

• Europe (Germany, France, UK, Russia and Italy)

• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

• South America (Brazil, Argentina, Columbia)

• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Global Anchor Handling Tug Supply Vessels market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

• BOURBON

• Farstad Shipping

• Havila Shipping

• SEACOR Holdings

• Swire Pacific Offshore Operations

• Tidewater

• Bass Marine

• EMAS Offshore

• Eastern Shipbuilding

• Hornbeck Offshore

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

• LNG-fueled Ships

• Diesel-Fueled Ships

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Anchor Handling Tug Supply Vessels for each application, including

• Oil Rigs

• Emergency Response and Rescue

Related Reports of This Category Available at Million Insights: https://www.millioninsights.com/industry/automotive-and-parts

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