Average day rates in the Gulf show a general trend upward for PSVs of all sizes over the past few years, with some of the most significant movement seen in rates for PSVs of 3,000 to 3,999 deadweight tonnages. (Courtesy IHS Petrodata) The burgeoning market has also seen the entry of some new players in the deepwater sector via newbuild activity. Bordelon Marine and Jackson Offshore Operators both announced newbuild programs of three and four PSVs, respectively. Previously, the two companies focused on smaller fast supply or mini supply vessels, but will enter the deepwater market upon delivery of recent orders. A recent decision by Hornbeck may indicate that the current wave of newbuild orders has crested. Hornbeck decided to let further shipyard options for 310 and 320 Class PSVs expire.