The recent plunge in oil prices has caused some subsea projects to be canceled or delayed but there are more than 100 projects moving forward. The subsea vessel industry is currently expanding at 7%/yr. Over 54 percent of the active fleet has been delivered over the past eight years. There are also an additional 115 vessels under construction. The status of projects is continually reported in Oil, Gas, Shale and Refining Markets and Projectspublished by the McIlvaine Company. Click Here For Complete News Release Text
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