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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

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  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.


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


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


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


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.


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


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


Rolls-Royce Secures Two OSV Design Contracts

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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


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


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


Tidewater Suspend Dividend

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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


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.


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


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).   


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


Farstad Shipping Dives into Loss

Subsea vessel Far Sentinel. Photo: Farstad Shipping

 Norway’s Farstad Shipping ASA has seen red in the second quarter of 2015 as impairments and currency losses drove the company into a loss.   Farstad’s profit after taxes (PAT) was negative NOK 119.5 million, versus positive PAT of NOK 46.7 million a year earlier


Offshore Wind Shift to Drive Vessel Services Cooperation

Photo courtesy of Seacat Services

Evolving procurement processes for U.K. Round 3 offshore wind farms will require a greater number of work streams, personnel with new and differing skills, and the ability to provide a larger suite of services, according to offshore energy support firm Seacat Services.


SeaZip Offshore Service Commences Operation

SEAZIP OFFSHORE SERVICE GETS OFF TO A SUCCESSFUL START IN THE OFFSHORE OIL AND GAS INDUSTRY

  Harlingen-based SeaZip Offshore Service has entered into a partnership agreement with Heerema Marine Contractors (HMC). HMC, the world's market leader in transporting, installing and dismantling offshore oil and gas installations, has contracted service vessel SeaZip 4 for its annual


Ship Finance Buys Three Boxships

Pic: Ship Finance International Limited

 Ship Finance International Limited has acquired three 9,000 teu capacity container ships that are under construction from an unrelated third party.   The Fredriksen-led company said that the three vessels are currently being constructed to a fuel-efficient design at an undisclosed yard


Damen Coordinating European Innovation Project LeanShips

Svitzer - RSD 2513 - Artist Impression

  The European Innovation Project LeanShips – Low Energy And Near To Zero Emissions Ships – will demonstrate the effectiveness and reliability of energy saving and emission reduction technologies at real scale. LeanShips is one of the first projects funded under the new European


Tuco Debuts 10m Wind Farm Service Boat

Image: Tuco Marine

Tuco Marine Group of Denmark discloses the newest vessel in the ProZero series of Fast Rescue Boats, Daughter Crafts and Workboats; The New 10m WIND FARM SERVICE BOAT.   The new design is released shortly after Tuco won the order for two 11m Wind Farm Service Boats that have been ordered


Norway’s (Winding) Path Ahead

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A precipitous plunge in energy pricing is problematic for a prodigious oil producing nation such as Norway, but it really only tells a portion of the story when evaluating the immediate future for the collective maritime and offshore energy markets


Tampnet, Marlink Partner for Offshore 4G Services

A key aspect of Tampnet’s 4G infrastructure service for offshore communication is low latency. (Image: Marlink)

New low latency mobile communication services set to improve support of offshore vessel operations   Marlink and Tampnet have signed a partner agreement for the delivery of offshore Long Term Evolution (LTE) based services in the North Sea






 
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