DP2 PSV from 2500 to 3500 DWT

DP2 PSV Fleet Analysis in the Arabian & Persian Gulf (AG/PG) as of AIS Position Dated 20/02/2024

1. Worldwide Fleet Overview (DP2 PSV from 2500 to 3500 DWT)

The analysis covers active DP2 PSV (Platform Supply Vessels) within the 2500 to 3500 DWT range based on the latest AIS data as of February 20, 2024.

• Total Active DP2 PSV Fleet: 275 vessels
• Average Age of WW Fleet: 14.6 years
• Older Year of Build: The oldest active PSV was built in 1985
• Younger Year of Build: The youngest PSV was built in 2024/25

2. Activity and Distribution of DP2 PSV in the AG/PG Area

The AG/PG region includes the Arabian and Persian Gulf areas, which have a notable concentration of DP2 PSV vessels.

• Active DP2 PSV in AG/PG Area: 53 vessels (19.27% of the total worldwide active fleet)
• Average Age of DP2 PSV in AG/PG Area: 11.9 years
• Fleet Breakdown:
  • 41.5% of the PSV fleet in the AG/PG region is younger than the average age in the area.
  • The youngest PSV in the region was built in 2023.
  • The oldest PSV in the region was built in 2006.

3. Geographic Distribution of the DP2 PSV Fleet from 2500 to 3500 DWT

A breakdown of where the fleet is active globally shows the following key regions:

• 19.27% (53 vessels) of the worldwide DP2 PSV fleet (2500 to 3500 DWT) is active in the AG/PG area, which holds the largest share.
• 17.09% (47 vessels) are active in the Gulf of Mexico, representing the second-largest share.
• 11.64% (32 vessels) are active in West Africa, holding the third-largest share.
• 8.00% (22 vessels) are active along the UK Coast & Atlantic, representing the fourth-largest share.

Together, these regions account for 56% of the worldwide active DP2 PSV fleet from 2500 to 3500 DWT, underlining the importance of these regions for operations.

4. Owners/Managers of the Youngest DP2 PSV Fleet in AG/PG

The analysis highlights the owners and managers with the youngest DP2 PSV fleet (2500 to 3500 DWT) in the AG/PG area. These companies manage vessels that are significantly newer than the regional average of 11.9 years. Their fleets are characterized by modern vessels, with a focus on newer builds.

5. Conclusion & Key Insights

• Active Worldwide Fleet Composition: The total active DP2 PSV fleet consists of 275 vessels, with a significant portion (19.27%) concentrated in the AG/PG area.
• Fleet Age Distribution: The AG/PG region’s average fleet age is significantly lower (11.9 years) than the global average (14.6 years), indicating a younger operational fleet in this area.
• Youngest Vessels: The youngest PSV in the AG/PG region was built in 2023, reflecting a trend toward newer, more advanced vessels entering service.
• Operational Geography: A total of 56% of the worldwide DP2 PSV fleet (2500 to 3500 DWT) is operational in key regions: AG/PG, Gulf of Mexico, West Africa, and the UK Coast & Atlantic, which highlights their importance for the fleet’s global operations.

This analysis provides a comprehensive view of the distribution, age, and activity of the DP2 PSV from 2500 to 3500 DWT fleet across various global regions, with a focus on the AG/PG area. The younger age of the fleet in the AG/PG region and the significant global distribution of these vessels underscore the continued importance of these key operational areas.