The global offshore supply vessels (OSV) market has experienced dynamic shifts driven by various factors. The oil and gas industry's trends, particularly oil price fluctuations, have had a significant impact on the demand for OSVs. During periods of high oil prices, there is increased exploration and production activity, leading to a greater need for OSVs to support offshore operations. Conversely, low oil prices can result in reduced investment and exploration, leading to a decline in OSV demand.