Douglas-Westwood forecasts strong recovery in vessel demand. The World Subsea Vessel Operations Market 2011-2015 details expenditure set to grow 52%, totaling $72bn between 2011 and 2015. Lead author, Simon Robb, commented, “Project timetables are accelerating as confidence returns to the industry, with a shift to larger and more complex deep water projects. Projects are increasingly capital intensive, which is benefitting offshore contractors with the capability and expertise to provide deep water services. “Global vessel demand for Subsea Vessels is expected to climb beyond 310,000 days for the forecast period 2011-2015 – a 28% increase on the previous five years.