ATL’s newest OSV contract creates 100 new jobs Atlantic Towing Limited (ATL) announced today that it has secured a new 10-year firm contract, plus a total of 15 years of options at the Charterers’ discretion, with ExxonMobil Canada Properties and Hibernia Management and Development Company Ltd. (HMDC) for four new state-of-the art Platform Supply Vessels operating out of St John’s, NL. The first ships for the contract will be delivered in 2016 and will join Atlantic Towing’s current fleet of eight offshore support vessels in Atlantic Canada. The new contract means 100 new jobs at Atlantic Towing’s offshore fleet home port of St. John’s, NL. “ExxonMobil has been a valued customer and we are proud and honored to have the opportunity to support the Hibernia and Hebron operations offshore Newfoundland and Labrador with the highest standard of safety and service,” said Wayne Power , Vice President, Atlantic Towing. The new ships, to be designed and built by Damen Shipyards Group of the Netherlands, will deliver a number of environmental benefits including Clean Design designation with a diesel electric power plant, the latest environmental control equipment, wave piercing bow design, and enhanced crew comfort. "This exceptional contract - the largest in our company’s history - will increase our fleet size, our workforce and our overall contribution to the economy in Newfoundland and Labrador
Wärtsilä contracted for a complete (LNG) package, including propulsion, auxiliaries & controls, for a new OSV designed by STX Marine. The ship has been ordered by Harvey Gulf International Marine as a part of the company’s ‘Going Green’ initiative. The vessel will operate in the Gulf of Mexico’s offshore oilfields. Wärtsilä will supply the steerable thrusters, an Integrated Automation System, the Power Management System
STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels, is pleased to announce that it has secured new contracts for the design and construction of two Platform Supply Vessels (PSV) for Farstad Shipping. The total value of the contracts amounts close to NOK 600 million. The vessels will be of STX OSV’s own PSV 08 design. Deliveries are scheduled from STX OSV Langsten in Norway and STX OSV Vung Tau in
Sinopacific Shipbuilding Group to team up with event organizer The Oriental Pro-Energy Consulting Organization (Topco). Sinopacific announce its cooperation with the leading event organizer The Oriental Pro-Energy Consulting Organization (Topco) to jointly present at the Offshore Support Vessel World Forum (OSV World 2012) in Shanghai China on 11-12 Sep 2012. The event, event, supported by Sinopacific, Shanghai International Shipping Institute, UCIBN, LTI Steel Wire Rope, GL, MARIC
According to Germanischer Lloyd (GL), Offshore service vessels (OSV) are becoming larger, more specialized and technically sophisticated as a result of the rising demand for more complex deepwater field developments, including the Gulf of Mexico. Currently, there are some 2,500 OSV worldwide, with a steady growth projected from now through 2020. All this has led to an expanded definition of OSV which refers to "not only traditional supply boats, but also anchor handling tug/supply ships
Harvey Gulf International Marine closes its asset purchase purchase deal with Bee Mar LLC. The purchase price for the all-cash sale of Bee Mar's nine Offshore Supply Vessels was US$243-million. Harvey Gulf immediately renamed the vessels consistent with other Harvey Gulf vessels and began seeking bids to stretch 5 of the new vessels to meet 250’ OSV class specifications. Harvey Gulf also announced that it has exercised 2 of its 4 options to construct additional LNG OSV's at TY
STX OSV win contracts for two offshore subsea construction vessels for Norway's Siem Offshore STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels, announces that it has secured new contracts for the design and construction of two Offshore Subsea Construction Vessels (“OSCV”) for Siem Offshore in Norway. The vessels will be of STX OSV’s OSCV 11 design
Miclyn Express Offshore Singapore purchased a Nautis Offshore Supply Vessel Simulator and Instructor Station for training of OSV activities within the Miclyn fleet. The simulator was delivered and installed by VSTEP. Miclyn Express Offshore has followed up this initial purchase with an order for an identical simulator destined for their Joint Venture Thailand Training Facility. The simulator deal for Miclyn Express Offshore (MEO) includes a 240-degree Nautis OSV Desktop Trainer and Nautis
VSD, LLC (VSD) has been awarded a contract from Naval Air Warfare Center, Training Systems Division, Orlando, Fla., to provide the design, fabrication, installation, and testing of the Iraqi navy training systems and the training development and delivery for the 60-Meter Offshore Support Vessel (OSV). Total contract value is $15,050,000 and work is anticipated to be complete in November of 2011. VSD will develop, construct
Iskes Towage & Salvage signed an agreement with VSTEP for the delivery of two NAUTIS Tug and Offshore Supply Vessel (OSV) simulators. These simulators are the first units purchased for the new Iskes / Damen Training Center, set up in the new office building of Iskes at the port entrance to the ports of the Amsterdam Northsea canal area, close to Schiphol Airport. VSTEP will initially provide a 360-degree NAUTIS Full Mission Tug Simulator and a 240-degree NAUTIS Desktop Trainer to the
As the calendar now indicates we have passed the half year mark on 2016, VesselValue.com offers insight on the number and value of all the 2016 built vessels that have been delivered so far vs how many are still yet to be delivered.
Japan Radio Company (JRC) has received DNV-GL Integrated Navigation System (INS) type approval for the Multi Function Display (MFD) which also includes the network based ICS suffix. JRC’s flexible system meets and exceeds the new IMO performance standard resolution MSC
Engineering specialists at Caterpillar Marine’s new Marine Solutions Center are overseeing delivery of the first Cat Marine Hybrid Thruster system, being delivered this month to an undisclosed shipyard in Singapore and will be commissioned midyear.
Shell Offshore Inc. today marked the delivery of the third liquefied natural gas (LNG) powered offshore supply vessel (OSV) in Port Fourchon, La. The new vessel, Harvey Liberty, chartered from specialist company Harvey Gulf International Marine, will join sister ships
As the many Greek players in the shipping industry know well, the legend of Icarus tells us the dangers of flying too high. Merchant vessel earnings eventually found their 2008 heights just as unsustainable, even as some talked of a “new paradigm”.
OSV@Vivo has been taken to the heart of the Singapore public with an anticipated 4,000 visitors, expected to throng the two state-of-the-art Offshore Support Vessels (OSV) “Pacific Legacy” and “VOS Prince” moored at local shopping mall Vivocity Waterfront Promenade from 21
Singapore’s offshore chartering group Otto Marine has bagged a OSV chartering contract worth up to $68.5m from an international oil and gas E&P firm. The charter, inked by Otto Marine’s wholly-owned Go Offshore
Growing insistence by international oil companies (IOCs) that oilfield contract vessels (OSVs) are fitted with fuel monitoring systems has prompted an upsurge in interest in marine engine monitoring systems. Diesel power specialist Royston reports that it is equipping a growing number of
MarineCFO has announced the availability of its newly developed Marine Document Management System (MDMS), designed specifically as a tool to assist marine operators in organizing recordkeeping, assessment, & training verification requirements both ashore and afloat.
Marin Teknikk has entered into a contract with Wuchang Shipbuilding Industry Group for delivery of Design & Engineering of two Diving & Construction vessels for Ultra Deep Offshore Ltd. in Singapore. The vessels are a newly developed MT6023 DSCV design
An ABB-chartered cable-layer ordered in September 2015 might be the only hybrid battery-powered offshore service vessel (OSV) in anyone’s new-build program right now, but don’t say that to the ABB man who led the team that designed the radical electrical system, Onboard DC Grid
Norwegian companies that provide supply ships and drilling rigs to the global oil industry face a bleak year ahead as contracts disappear and financing options dwindle in the face of weak global crude prices. They could increasingly be forced to sell or write down the value of assets
Aaron Smith has been appointed as the new President and Chief Executive Officer of the Offshore Marine Services Association, Inc. (OMSA), the national trade association representing the U.S.-flag offshore workboat industry. Smith’s appointment follows the resignation of Ben Billings
Some 50 percent of crews working on offshore support vessels are willing to compromise safety rather than say “no” to clients or senior management, while nearly 80 percent believe commercial pressures could influence the safety of their working practices
Go Offshore, wholly-owned subsidiary of Otto Marine has entered into an agreement for two long-term anchor handling tug supply (AHTS) charter contracts worth USD25.2 million with a large oil and gas company. The two contracts are in respect of two 16