The looming shortage of offshore wind vessels in the US market could be eased by the Inflation Reduction Act (IRA) passed last year, according to marine service pacesetter Crowley.

The law offers $369bn in tax breaks and other federal incentives to jumpstart renewable energy development, including a tax deduction equal to 10% of the value of a vessel built for use in the offshore wind industry, if certain requirements are met, that would bring the costs more in line with those worldwide.