Hi CK.
A good article to read is below.
http://www.alixpartners.com/en/Publ...upply-Vessel-Market.aspx#sthash.hedpzoBb.dpbs
My take is that the OSV industry is still well in oversupply and it will take some time of a higher oil price environment for the oversupply to wash through.
Chart has short term potential, page-294
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