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Vroon Offloads 30 Offshore Service Vessels to Britoil
Britoil Offshore Services said this week it had acquired 30 offshore service vessels and supporting offices in Singapore from Dutch shipping firm Vroon."The acquisition will see an expansion of Britoilâs operating footprint into the Mediterranean, the North Sea and Asia Pacific. The operations will also synergise in the Middle East and Africa," Britoil said.The 30 vessels and supporting offices were part of Vroonâs offshore services business.
David Clark Company: An American Success Story
David Clark Company is best known within the marine market for its wireless and digital headset workboat crew communication systems â the Series 9900 Wireless Marine Headset System and the Series 9100 Digital Marine Headset System. The company has over 20 years of experience designing and manufacturing boat crew communication solutions for a variety of workboats, e.g., patrol boats, fire/rescue craftâŚ
Bernhard Schulte Offshore Orders Two Ulstein CSOVs
Germany-based Bernhard Schulte Offshore has awarded Norway's Ulstein Verft a contract for the design and construction of two Commissioning Service Operation Vessels (CSOVs) of the ULSTEIN SX222 design. The contract includes options for four additional vessels.The vessels, which utilize the TWIN X-STERN design, feature two sterns and main propellers at both fore and aft, which, Bernard Schulte Offshore says, makes them an ideal choice for Dynamic Positioning (DP) operations.
Powering the North American Maritime Fuel Transition
Offshore service vessels, along with workboats serving harbors and inland rivers, have embarked on an industry-wide voyage toward reduced emissions of greenhouse gasses. Professor Craig Philip, a faculty member with Vanderbilt Universityâs Center for Transportation and Operational Resilience (VECTOR) and former CEO of Ingram Barge Company, provides this context: âThe Maritime Sector has long provided shippers with the most fuel-efficient and sustainable freight transport optionâŚ
Rem Offshore Chooses Vard Electro's SeaQ Integrated Bridge for New CSOV Vessel
Vard Electroâs SeaQ Integrated Bridge solution is being implemented in the offshore wind sector for the first time, following installation on Rem Offshoreâs newbuild construction service operation vessel (CSOV) Rem Power to assist in optimizing environmental performance.âWe are making strong investments in new low-emission technologies to cut the environmental impact of offshore wind operations in line with increasingly stringent regulations and requirements from clientsâŚ
OSVs Help to Power North American Maritime Fuel Transition
The fuel switch in maritime is on, its real, and it will be driving vessel design, construction and operation decisions for decades to come. While many still debate the merits of each alternative fuel, OSV industry leaders are at the forefront driving change, and they need to be, as in North America alone OSVs makes up 17% of the fleet but contributes 29% of the maritime emissions. In the next edition of Offshore EngineerâŚ
Inmarsat's 3-in-1 Network Solution Helps Norwegian Offshore Vessel Owner Meet Needs of Charterers and Crew
Norwegian owner and operator of offshore service vessels Golden Energy Offshore is deploying Inmarsatâs Fleet LTE service to meet the growing data requirements of modern offshore operations and support sustainability.Headquartered in Ålesund, Norway, Golden Energy Offshore owns and operates a fleet of offshore support vessels providing offshore services to the oil, gas, and renewables industries. TheâŚ
Tidewater Inks Fleet Management Software Deal with Tero Marine
Offshore service vessels owner Tidewater has signed a partnership agreement with Tero Marine to provide consultancy services and the fleetwide implementation of Tero Marineâs TM Master fleet management software suite.The move is part of Tidewater's wider initiative aiming to transform its fleet to global systems and processes, create efficiencies through automation, digitalization to connect and integrate onshore and offshore, and scalability to optimize fleet efficiency for new acquisitions.
Offshore Wind Vessel Firm Edda Wind Plans Oslo IPO
Offshore wind vessel company Edda Wind, owned by Wilhelmsen and Østensjø, on Monday announced plan to launch an offering of shares in the company and to apply for a listing on the Oslo Stock Exchange (the âIPOâ).Based in Haugesund, Norway, Edda Wind develops, builds, owns, and operates purpose-built Service Operation Vessels (âSOVâ) and Commissioning Service Operation Vessels (âCSOVâ) for offshoreâŚ
The Shipping Industry Embraces Battery Power
The past decade has seen tight restrictions on emissions from vessels, notably with a 2015 move to a .10% sulfur maximum in Emission Control Areas (ECA) in North America and in northern Europe. As the International Maritime Organization (IMO) now shapes shippingâs decarbonization future, shipowners are looking at transitions away from fossil fuels. Among the myriad of alternatives are lithium ion batteries and some early forays into hydrogen fuel cells.To dateâŚ
Inmarsat's LTE Network to Cover Gulf of Mexico Offshore Vessels
Global mobile satellite communications provider Inmarsat plans to extend its Fleet LTE coverage for offshore service vessels to the Gulf of Mexico.Inmarsat said that the decision to expand in the Gulf of Mexico followed successful trials with V.Ships Offshore in the North Sea area in early 2020."In conjunction with Inmarsatâs service provider One Net, the North Sea trials were undertaken with ship management company V.Ships Offshore at the beginning of 2020âŚ
Innogy Sells Offshore Wind Installation Vessel
Germany-based energy firm innogy has sold its offshore installation vessel âSeabreeze IIâ to Hong Kong-based firm SPIC Ronghe International Financial Leasing Co. Ltd. Richard Sandford, Director of Offshore Investment & Asset Management at innogy SE explained that ten years ago innogy had decided to acquire and operate its own installation vessels so to eliminate an important bottleneck in the construction of offshore wind farms."HoweverâŚ
Solstad Offshore, Creditors Agree on Draft Restructuring Plan
Norway's offshore service vessels (OSVs) supplier Solstad Offshore and its creditors have agreed on a draft restructuring plan, which includes converting 10 billion crowns ($962.17 million) of debt into equity, the company said on Tuesday.The large majority of stakeholders, including secured lenders, leasing companies, industrial shareholders and key bondholders plan to sign a binding agreement by the end of AprilâŚ
Are OSVs Fit for Refit for Offshore Wind?
While it is generally agreed that the nascent offshore wind energy market in the U.S. will be a newbuild market, there is a repair and conversion possibility for some stacked OSVs.Though estimates on the pace of the offshore wind energy market in the U.S. vary widely, the direction is clear: offshore wind will be a huge marketplace for construction and support vessels to be deployed in U.S. waters over the next decade.
Hornbeck Offshore Delisted from NYSE
Hornbeck Offshore Services announced its common stock has been delisted from the New York Stock Exchange (NYSE) on December 20, 2019, and that the company began trading on the OTC Pink marketplace effective December 23, 2019.The NYSE announced that Hornbeck stock was was suspended from trading because the company did not maintain an average global market capitalization of at least $15 million over a consecutive 30-trading-day periodâŚ
Offshore: OSV Market Report
The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown â whether cyclical or induced by a trade war â have weighed heavily on oil prices, even in the face of reduced production by the big producers. Though storm clouds persist, there appears a clearing on the horizon.The fate of Offshore Service Vessels (OSVs) is, naturally, closely tied to the price of oil.
Putting Palatka Back on the Map
Diverse and conveniently located, St. Johns Ship Building has quickly developed into a reliable partner for its many repeat customers. Today, and as a direct result, a lot more people know exactly where Palatka, Florida is located.On the St Johns River, just 60 miles south of Jacksonville, lies the sleepy town of Palatka, Florida. Founded as a trading post in 1821, its location on the highly navigableâŚ
Tidewater Elects Larry Rigdon as Chairman
Tidewater, which owns and operates the largest fleet of offshore support vessels in the industry, announced that Larry T. Rigdon has been elected Chairman of theâŚ
GEO Installs Ulstein Blue Box in 2 Vessels
The Norwegian ship owner Golden Energy Offshore has decided to install Ulstein Blue Box on two of their vessels.The offshore service vessels for the global oil andâŚ
JR Shipping Adds 2 Container Feeder Ships
Netherlands' short sea shipping firm JR Shipping has expanded its container feeder fleet by purchasing a vessel and entering into a new management contract.AccordingâŚ