Marine link
 

OFFSHORE SERVICE VESSELS

New Rules for Offshore Service Vessels

The technical evolution of offshore support vessels (OSV) has prompted Germanischer Lloyd (GL) to publish new rules for ships intended for offshore support and supply, offshore towing, well stimulation, and other specialized offshore services. On 1 January 2010, new Rules for Hull Structures of Offshore Service Vessels will come into force. These rules apply to ships intended for offshore support and supply, offshore towing, well stimulation, and other specialized offshore services. For these ships the class notation Offshore Service Vessel will be assigned, complemented by optional further notations, such as HNLS for ships carrying hazardous and noxious liquid substances, AH for anchor handling tug/supply ships, WSV for well stimulation vessels, and WTIS for wind turbine installation/construction support ships. Design and operation of offshore vessels differ significantly from those of general cargo ships. Comprehensive international regulations are needed to specifically account for practical demands of OSVs. The new rules reflect today's offshore support vessels. Compared to their predecessors, these ships are larger, more specialized, and technically more sophisticated to meet demands of complex deepwater field developments. The latest review of the OSV rules are intended to support design and build safer and more robust offshore service vessels while minimizing operational risks.


Tidewater Declares Quarterly Dividend

Logo

  Tidewater Inc. announced that its Board of Directors declared on November 12, 2015, a quarterly cash dividend of $0.25 per share of common stock payable December 15, 2015, to shareholders of record on December 4, 2015. Tidewater is the leading provider of Offshore Service Vessels (OSVs) to the global energy industry.


St. Johns Ship Building Delivers Sea Strength

St. Johns Ship Building of Palatka, Fla. delivered the offshore service vessel (OSV) Sea Strength to A. R. Singh Contractors of Point Fortin, Trinidad.  The 157-ft vessel is currently undergoing owner inspections and is available for work in the Caribbean offshore market. It operates a fleet of approximately 20 vessels including tugs, barges, crewboats and supply boats. Sea Strength Particulars: L.O.A.    157 ft. Beam (Molded)    38 ft.


Saudi Shipbuilding Yard Development MOU Signed

Sembcorp Marine has signed a Memorandum of Understanding (MOU) with Saudi Aramco and the National Shipping Company of Saudi Arabia (Bahri), with the objective of preparing a detailed feasibility assessment for the development of a world-class maritime yard in the Kingdom of Saudi Arabia. The intended maritime yard will provide engineering, manufacturing & repair services related to rigs, platforms, commercial vessels and offshore service vessels


Farstad Sells AHTS

AHTS Courtesy Farstad Shipping

Farstad Shipping ASA has, through its wholly owned subsidiary Farstad Supply AS, sold the AHTS Far Sea (1991, ME 303 II, 13,219 BHP). Delivery of the vessel to the new owner took place Thursday 3 March 2016. The sale of the vessel gave a book loss of NOK 32 million, whereof NOK 30 million is booked as impairment in the 4Q 2015 accounts. After the sale of Far Sea Farstad Shipping’s fleet currently consists of 57 vessels (29 AHTS


Havila Shipping CEO: Firms Must Fix Own Issues before Discussing M&A

Njaal Saevik (Photo: Havila Shipping)

Chief Executive Officer Njaal Saevik in offshore service vessel owner Havila Shipping told Reuters in a telephone interview: From Havila's point of view "it may be reasonable to consolidate (the industry) but we believe each company needs to have its own solutions in place before going into such discussions." "We're familiar with the thinking of other industry players," he said. Saevik said Havila's restructuring talks are still ongoing and declined


Bourbon Orders 56 PSVs

In line with its strategy in modern offshore, Bourbon is expanding its fleet with next-generation, innovative and high-productivity vessels to assist its oil and gas clients in the development of their deepwater and continental offshore operations. On February 28 in the context of its Horizon 2010 plan, Bourbon announced investments of $1.8b, 85 percent of which will be devoted to the Offshore Division. Since January 1, Bourbon has placed the first series of orders


Rolls-Royce Designs Selected for 53 OSV's

UT-Designs and packages of equipment from Rolls-Royce have been chosen for 53 offshore service vessels (OSVs) during the past year. The transaction represents 70 percent of orders placed during the year and is the largest in this sector of the company since the mid-1970s. Twelve of these vessels were ordered just before the end of 2000 and will be worth $57.9 million to Rolls-Royce - bringing the total value of these contracts to the company to $246.3 million.


Rolls-Royce Secures Two OSV Design Contracts

RR_DEsign web.jpg

Rolls-Royce, a global power systems company, today announced that it has won a £15 million order to provide design, integrated power and propulsion systems and equipment for two offshore service vessels for ship owner Island Offshore. The contract includes options of four additional vessels.   Per Kristian Furø, Rolls-Royce General Sales Manager – Offshore said: “We have worked very closely with Island Offshore over the last decade to develop a wide range of


Two More Damen Twin Axe Catamarans for SeaZip

SeaZip 1 (Photo: Damen)

Damen Shipyards and SeaZip Offshore Service signed another contract for two Damen Fast Crew Suppliers (FCS) 2610 at Wind Energy in Hamburg. The two new vessels, to be named SeaZip 3 and SeaZip 4, will be mobilized in transporting personnel and small quantities of freight to North Sea offshore wind farms. The new orders follow the delivery last year of two FCS 2610 – named SeaZip 1 and SeaZip 2 – that have been performing successfully at the NordseeOst and DanTysk offshore wind


The Marine Training Institute Accredited for DP Training

The Offshore Service Vessel Dynamic Positioning Authority (OSVDPA) in the U.S. has announced that the Marine Training Institute (TMTI) in Gray, La. Has been accredited to conduct OSVDPA dynamic positioning operator (DPO) training courses and assessments.  


Wärtsilä Designed AHTS Delivered to COSL

Another two Wärtsilä designed AHTS vessels are to be delivered to COSL this year. Photo Wärtsilä

Two new Wärtsilä designed Anchor Handling Tug Supply (AHTS) vessels were delivered from the Wuchang Shipbuilding Industry Group yard in China during the second week of September. The ships have been built for China Oilfield Services Ltd (COSL)


Tidewater Gets Waiver Extensions

Photo Tidewater

As previously reported, Tidewater Inc. (NYSE: TDW) has been in discussions with its principal lenders and noteholders to amend the company's various debt arrangements to obtain relief from certain covenants. Pending the resolution of those discussions


Island Offshore Halts Debt Amortisation Payments

Offshore service vessel owner Island Offshore Shipholding said on Tuesday that it had initiated discussions with its finance providers to address the group's long term financing. Additionally:   Has decided with effect from Nov


Seacat Services Invests In New Vessels

Offshore energy support vessel operator Seacat Services has placed an order for up to four new vessels with local boat builder South Boats IoW. The DNV-GL class-certified next generation 23- and 27-meter catamarans have been specifically designed to cater for the changing needs of European


Seacat Services Adds 23m Catamaran

Offshore energy support vessel (OESV) operator receives a new 23m vessel into its fleet, as offshore wind market fragments   Offshore energy crew transfer vessel operator, Seacat Services, has added a new 23m vessel to its fleet. The South Boats IoW built catamaran, named Seacat Mischief


OSV Owners Face Bankruptcy Risk

Platform Supply Vessel near the offshore platform. Photo by Damen Shipyards Group

 More than half of the public companies in the offshore supply-vessel industry face a high probability of restructuring or bankruptcy, Bloomberg reported quoting a research released from the consulting firm AlixPartners.   Even before crude prices collapsed and triggered a retreat from


Offshore Service Craft in Focus

Photos: International Maritime Organization (IMO)

 Defining “industrial personnel”, such as workers transported on offshore service vessels, is among the topics on the agenda of International Maritime Organization (IMO)’s Sub-Committee on Ship Design and Construction (SDC).   


World Maritime Day Theme Launched

Kitack Lim  the Secretary-General of the International Maritime Organization Photo IMO

The critical link between shipping and global society is the main focus for this year’s World Maritime Day theme: "Shipping: indispensable to the world". The theme for 2016 was launched by IMO Secretary-General Lim as he opened the Sub-Committee on Ship Design and Construction (18


Farstad Bags Petrobras Contract

BOS Turquesa. Photo by Farstad Shipping ASA

 Norwegian provider of offshore service vessels for the oil and gas industry Farstad Shipping ASA has entered into two charter contracts in Brazil.   Both vessels were hired by the Brazilian state-owned oil and gas company Petróleo Brasileiro, more commonly known as Petrobras.


Tidewater Suspend Dividend

Logo

Tidewater Inc. (NYSE:TDW) leading provider of Offshore Service Vessels, announced that its Board of Directors has approved management's recommendation to suspend Tidewater's quarterly dividend and common stock repurchase program.  The dividend and share repurchase program suspension is


Ulstein Verft's First Wind Service Vessel Launched

(Photo: Ulstein Group/Marius Beck Dahle)

Shipbuilder Ulstein Verft has launched its first vessel within the renewable energy segment, and also the first with the newly-developed X-STERN hull line design.   The service operation vessel (SOV) for the offshore wind industry is one of two being constructed for Bernhard Schulte Offshore


Seacat Services Secures Burbo Bank Charter Deal

Seacat Endeavour (Photo: Seacat Services)

DONG Energy has awarded  offshore energy support vessel operator Seacat Services with the supply contract for all crew transfer services at its 258MW Burbo Bank Extension project under development in the Irish Sea. The four-vessel charter contract, with durations of three to 11 months


The ‘Paperless’ Ship

Paperless: Artist’s impressions of future Rolls-Royce vessel (Illustration: courtesy Rolls-Royce Marine)

 The cloud is for “device-agnostic young slashers,” said Trond Bjorseth, marketing manager, of Oslo-based cloud consultancy, Tieto. His company offers an information management tool for subsea projects and “repositories” for the shipping sector’s operations


OSV firm Farstad Continues Restructuring Talks

file Image (Credit: Farstad)

Supply firm Farstad Shipping's CEO Karl Johan Bakken repeats is in stand-still agreement with lenders until Oct. 1   Notable disclosures: * CEO says is talking to both industrial and financial investors on how to refinance 11.6 billion Norwegian crowns in net interest bearing debt ($1






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright