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Offshore Supply Vessel

Cargotec Receives $75.2m in Orders

Cargotec’s MacGREGOR business area providing marine cargo handling solutions has received significant offshore equipment orders. The equipment will be delivered during 2008–2010 and the value of the orders exceeds EUR 55 million. The orders include an order for anchor-handling and mooring winches delivered for Chinese shipyard Yangzhou Dayang. The shipyard is building 32 offshore supply vessels that will be delivered for French shipowner Bourbon. The other orders include several orders for a total of 23 knuckle boom offshore cranes. The cranes will be delivered for 11 offshore supply vessels which will be built in several shipyards in Europe, USA and India. MacGREGOR established in June a new division MacGREGOR Offshore. The division consists of Norwegian Hydramarine and Singaporean MacGREGOR Plimsoll, which were acquired in the spring of 2007. MacGREGOR’s Offshore division employs more than 700 people while the total number of MacGREGOR personnel is approximately 2,000.


A&P Tyne & Stirling Shipmanagement Renew Agreement

A&P Tyne has announced its new ship repair agreement with offshore supply vessel specialist Stirling Shipmanagement, Glasgow, part of the Seacor Group. The agreement is an extension of the original Heads of Agreement between A&P and Stirling Shipmanagement for the dry dock and repair of Stirling vessels operating within the UK sector, for a further year. A&P Tyne successfully carried out dry dockings/repairs to a total of nine (9) Stirling vessels during last year (2001) including the


Farstad Shipping Buys BASS Solution

BASS announced an agreement with Farstad Shipping ASA, a Norwegian shipping company globally operating Offshore Supply Vessels (OSV), to provide Farstad's entire fleet with BASS CrewNet and BASS PayNet solutions. BASS PayNet is designed to streamline and integrate the management of ship-to-shore crew payroll and shipboard accounting processes. BASS PayNet functionalities and business re-engineering enables users to capitalize on opportunities to reduce the workload on the vessel and on shore


Baker Joins EBDG

Elliott Bay Design Group is pleased to announce that Gwen Baker has joined the staff as a Marine Designer. Gwen is a recent graduate of the Marine Institute at Memorial University in New Foundland, where she received her Diploma of Technology in Naval Architecture. For her first project, Gwen will be preparing 3-D composite modeling for the 260 ft. offshore supply vessel that the firm has been working on for Hornbeck Offshore Services.


IMCA Publishes Guidelines for DP OSV Safe Operations

Photo: IMCA

Reliable and robust methods of positioning are required for safe vessel operations in close proximity to offshore installations. Dynamic positioning (DP) is well-established as a primary method of vessel positioning in the diving, drilling, construction, accommodation and shuttle tanker sectors, and is especially suited to deep-water developments. As development and management of DP becomes more refined, increasingly logistics support vessels are becoming equipped with DP systems with


DryShips Buys Nautilus Stake, Adds Six OSVs

Photo by DryShips Inc

 Greek ship owner DryShips plans to add six support vessels to its fleet by acquiring a large stake in Nautilus Offshore Services.    Dry bulk shipowner DryShips has entered into an agreement to acquire approximately 98% of Nautilus OffShore Services Inc.  for a purchase price of $87 million plus the assumption of approximately $33 million of net debt.   Nautilus indirectly through its subsidiaries owns six Offshore Supply Vessels of which four are Oil Spill


VT Halter Marine Secures OSV Contract

Vision Technologies Systems, Inc.'s (VTS) subsidiary, VT Halter Marine, Inc. has secured a contract to build an Offshore Supply Vessel (OSV) for an undisclosed interest. The contract includes options for six additional vessels. This announcement comes within days of VTS concluding the purchase of Halter Marine’s assets. John Coburn, Chairman and CEO, VTS stated, “Commercial contracts such as this one are an important part of VT Halter Marine’s business plan


SEACOR To Acquire Gilbert Cheramie Boats, Inc.

SEACOR SMIT Inc. signed a definitive agreement to acquire Gilbert Cheramie Boats, Inc. and related companies. The transaction contemplates purchase consideration of approximately $61 million to be paid in cash for all shares of voting and non-voting stock of the companies. No long-term debt will be assumed by SEACOR in the transaction, and the purchase consideration is subject to certain adjustments. The transaction, which is subject to customary closing conditions


NG Supplies Nav Systems for Brazil OSVs

Northrop Grumman Corporation's (NYSE:NOC) Sperry Marine business unit has been awarded contracts to supply bridge navigation systems for four new offshore supply vessels to be built in Brazil. The four multipurpose platform supply vessels, designed by Rolls-Royce, will be built at the Estaleiro Alianca shipyard near Rio de Janeiro for Companhia Brasileira de Offshore (CBO). They will be placed on long-term charter with Petrobras, the Brazilian state oil company


Atlantic Towing Expands Fleet

St. John’s NL - Atlantic Towing Limited (ATL), a global marine service provider based in Atlantic Canada, has announced the addition of the Atlantic Raven – a 14,400 hp UT 722 Offshore Supply Vessel. The Raven is the second offshore supply vessel to be added to the ATL fleet this year. The 75m x 18m vessel, with four diesel engines and an oil recovery system will further support ATL’s existing and future contracts for customers in the offshore exploration and production


Norwegian Shipowners See Tighter Capital Access

Access to capital for cash-hungry Norwegian offshore shipowners is expected to tighten further as lower activity and falling profits continue in 2016, the Norwegian Shipowners' Association said in its yearly outlook report on Tuesday.  


Norwegian Shipowners Face Cash Crunch

We expect that about half of the Norwegian rig fleet and every sixth Norwegian-controlled offshore vessel will not be employed as we approach summer this year. This is a serious situation, the CEO of the Norwegian Shipowners Association, Sturla Henriksen, told Reuters. (Photo courtesy: www.rederi.no)

 Access to capital for cash-hungry Norwegian offshore shipowners is expected to tighten further as lower activity and falling profits continue in 2016, the Norwegian Shipowners' Association said in its yearly outlook report on Tuesday.


BlueTide Launches Cyber Security Solution

BlueTide Communications aims to strengthen remote site network defense with its Security-as-a-Service (SECaaS) solution. Suited for remote maritime and offshore sites including yachts, merchant ships, offshore supply vessels, liftboats, rigs and platforms


First US-flagged Wind Farm Vessel Delivered

Photo: Blount Boats

Blount Boats has delivered the Atlantic Pioneer, America’s first U.S.-flagged Crew Transfer Vessel (CTV) for Atlantic Wind Transfers that will begin service for Deep Water Wind Block Island at the end of May.    The 21-meter aluminum vessel was designed by South Boats IOW (Isle


COSCO Delivers PSV to COSL

On July 22, COSCO (Dalian) Shipyard delivered a platform supply vessel (PSV), ¡°Hai Yang Shi You 660¡±, to China Oilfield Services Limited (COSL), the Chinese shipbuilder announced.   The vessel measures 85.4 meters LOA, 20 meters in breadth, 8


MN 100: Bordelon Marine

Sheila Bordelon.jpg

The Company: Founded in 1979, Bordelon Marine is a leading provider of Marine Transportation services operating in the Gulf of Mexico and around the world. The company owns and operates a fleet of modern offshore supply vessels ranging in size and type from DP1 Mini-supply Vessels to MPSV 260 DP2


Alfa Laval PureBallast Suited for Smaller Vessels

Alfa Laval

Alfa Laval PureBallast is now available to significantly smaller vessels. Alfa Laval’s ballast water treatment technology, which was submitted for USCG approval in March 2015, can now be used in systems for flows of 87 cubic meters per hour.


IMCA Report Covers Mini RadaScan System for DP Ops

Richard Benzie (Photo: IMCA)

Reliable and robust methods of positioning are required for safe vessel operations at offshore installations. The development of dynamic positioning (DP) systems has been gradual over the past 50 years and today, various manufacturers’ systems are available around the world


VIKING, PVA Join Forces for New USCG Safety Compliancy

VIKING Americas VP, Al Osle

  Coastal vessel operators trying to come to terms with upgraded US Coast Guard regulations for survival craft have been helped along the way by VIKING at the annual Passenger Vessel Association and U.S. Coast Guard Industry Day in Miami.  


DryShips Nets $ 820 Mln 3Q Loss

Photo Dryships

DryShips or the Company, an international owner of drybulk carriers and offshore support vessels, today announced its unaudited financial and operating results for the third quarter ended September 30, 2015. Third Quarter 2015 Financial Highlights


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


Eastern, Harvey Gulf Launch MV Harvey Stone

MV Harvey Stone (Photo: Eastern Shipbuilding Group)

 Eastern Shipbuilding Group, Inc. announced the launch of the M/V Harvey Stone (Hull 234) on December 18, 2015 for Harvey Gulf International Marine, LLC of New Orleans. The Harvey Stone is a Rampage 6400 multipurpose field support vessel (MPFSV), designed by Robert Allan, LTD of Vancouver, B.C


N.America's First LNG Marine Fuel Terminal Opens

Photos courtesy of Harvey Gulf

Harvey Gulf announced the opening of the first marine LNG fueling terminal in North America. Less than a year after the delivery of the M/V Harvey Energy, America’s first LNG-powered vessel, Harvey Gulf accomplished another first when it completed a successful LNG bunkering of the Energy


POSH Sinks into Loss in 2015

Photo: PACC Offshore Services Holdings

 Offshore marine services provider PACC Offshore Services Holdings (POSH) has plunged into the red in 2015 due mainly to a huge impairment charge of $144.58m.   The group reported yesterday a net loss of US$149.7 million (S$211 million) for the three months to Dec 31


Offshore Supply Ship Market Set for Consolidation

Photo: Farstad Shipping

Weak market conditions seen driving consolidation; owners prepare for longer downturn; bright spot for anchor handlers in the past months   A glut of offshore supply vessels and falling demand from oil firms will trigger a restructuring of the still-fragmented industry






 
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