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Offshore Support

Report: Growth Anticipated in the OSV Market

Photo: Bourbon

New report covers market trends to 2019 for global offshore support vessel (anchor handling, towing and supply vessel, platform supply vessel, multipurpose service vessel, crew vessels, standby and rescue vessels, others)   The global offshore support vessel market is expected to grow owing to the need to satisfy rising marine logistics demand. The lucrative and high-investment areas of offshore regions such as North Sea, U.S Gulf of Mexico and new discoveries in West Africa are the key driving factors for the high growth of offshore support vessel market.   The offshore support vessels or OSVs are vessels used in the marine industry. The designs of the OSV are unique, and each type has its own properties and features, as per the type of operation. OSVs are efficient and vital components of the oil & gas industry. They provide logistic facility along with various other supporting activities including platform support, anchor handling, standby facility, rescue and many more.   The new report, "Offshore Support Vessel Market by Type, by Geography - Global Trends to 2019", analyzes the number of offshore support vessels with respect to demand and supply. The study segments the global offshore support vessel market by types which include Anchor Handling, Towing and Supply Vessel (AHTS), Platform Supply Vessels (PSV), Multi-Purpose Service Vessel (MPSV), Crew boats ,Standby and Rescue vessels and Others


Bharati Shipyard to Build Offshore Vessel for Great Offshore

According to the Hindu, Bharati Shipyard will construct and supply an offshore support vessel to integrated offshore oilfield services provider Great Offshore for $64.8m. The vessel, which has a diesel electric propulsion system with 5 generators of a total power of 10,500 KW, is fully-equipped to support diving/sub sea operations. The above contract is in lieu of a contract dated March 24 for one multipurpose offshore support vessel valued at $17.4m ordered by Great Offshore.


Remontowa Group Opens Service Centre in West Africa

Remontowa Group are commencing operations in West Africa providing direct access to Remontowa's experience and know-how for owners and operators of offshore support vessels. The new entity, Remontowa Marine Services Namibia, will increase Remontowa presence and after-sales client support operations in Africa's growing offshore market. The major areas of operation to be covered by Remontowa Marine Services Namibia(RMSN) will be offshore industry based in Angola, Nigeria


China Shipyard Tackles First PSV Order

JES International subisidiaries JES Universal Co. and Jiangsu Eastern Heavy Industry Co. Ltd. to build a UT 755 LN Platform Support Vessel. The contract is the Group’s first, in over thirty years of its history, for the construction of an offshore support vessel and is representative of the Group’s expansion from building commercial shipping vessels to constructing more complicated and sophisticated offshore support vessels.


Knights Offshore Support Takes Delivery of First CTruk OWSV

Photo: CTruk

New business venture Knights Offshore Support (KOS) has taken delivery of its first CTruk 20T MPC offshore wind support vessel, Coastal Knight, which will soon join offshore wind industry service provider CWind’s growing charter fleet. Owner Paul Knight considers CTruk’s multi-role composite cats to be “the vessels of the future” and hopes that the 18.5m Coastal Knight, will be the first of a fleet of KOS workboats to ultimately support offshore wind farm


Otto Marine Secures $404m Charter Contracts

Photo courtesy of Otto Marine

Otto Marine Limited, an offshore marine company which owns and operates a large fleet of offshore support vessels, shipyard and offers specialized offshore services, informed that the group has secured charter contracts worth approximately $404 million in the first half of 2014 (1H2014). Backed by long term relationships with leading oil and gas companies, Otto Marine said it holds an orderbook that stood at approximately $450 million as at June 30, 2014


Aker Promar to Invest $46m in New Rio Shipyard

Norwegian shipbuilding company Aker Promar plans to invest $45.7m in building a new shipyard in the northern region of Rio de Janeiro state, the state government announced. U.S. offshore support company Edison Chouest will invest through local subsidiary Alfanave in the construction of an offshore support base in the same region close to the town of Quissama and Brazil's oil industry hub of Macae. The companies set the foundation stones on Tuesday.


Keppel Corp Wins Contracts

Singapore conglomerate Keppel Corp its unit Keppel Offshore & Marine's subsidiary, Keppel Singmarine Pte Ltd, has won four contracts from four companies to build six offshore support vessels and a pipelay vessel. The vessels are scheduled for delivery in the second half of 2009 and first half of 2010. Source: AFX


JES International Kickstarts Maiden Offshore Project

Mainboard-listed JES International Holdings Limited, a private shipbuilding group based in the PRC, announced that the group has commenced the steel cutting for its first two Platform Support Vessels (PSV) at its shipyard located in Jingjiang City, China. According to the builder, the UT 755 LN Platform Support Vessel is of a sophisticated and well known design, utilizing a comprehensive package from Rolls Royce which includes design and engineering services, as well as all main equipment


EMAS Wins Subsea Projects Worth More han $125M

Image: EMAS

EMAS, the operating brand of Ezra Holdings, a global offshore contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that the group has been awarded subsea construction and offshore support contracts in Asia Pacific and West Africa with a combined value exceeding $125 million, including options. Following contract wins in January, EMAS AMC continued its momentum with subsea contracts awarded in West Africa and Asia


New BV Guidelines for Offshore Access Systems

Classification society Bureau Veritas has developed guidelines for walk-to-work (W2W) motion compensated Offshore Access Systems (OAS) which are used to transfer industrial personnel to and from offshore installations. Guidance Note NI629 Certification of Offshore Access Systems provides a clear


SSA Showcases OSV Sector with OSV@Vivo 'Open House'

Dedicated Volunteer from Vroon Offshore Services Pte. Ltd.

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


ABS Reflects on Strong 2015 Performance

Christopher Wiernicki (Photo: ABS)

153rd meeting of the classification society highlights class-centric strategy and vision for the future of class   ABS held its Annual Meeting on April 26, 2016 in New York, where Chairman, President & CEO Christopher J. Wiernicki reported that “2015 was a year of moving forward


Shipping Industry Flying On The Dragon’s Back

Graph: Clarksons Research

 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 Delivered to MC2 in Dubai

Photo courtesy of MC2

Marine Core & Charter LLC (MC2) headquartered in Dubai has taken delivery of the new build PETRA-1, the first of two, 45-meter Fast Offshore Support Vessels in a special delivery ceremony held at Dubai Maritime City on February 10, 2016. 


Topaz, BP Ink 14 Offshore Ship Contract

The PSV Caspian Server Courtesy TOPAZ

Topaz Energy and Marine, a leading offshore support vessel company, has secured 14 offshore support vessel contracts with BP Exploration (Caspian Sea) Limited ("BP"). Under the terms of the agreement, Topaz will supply 14 offshore support vessels for a five year period plus two


Topaz to Supply 14 Vessels for BP in Azerbaijan

Photo: Topaz Energy and Marine

Offshore support vessel company Topaz Energy and Marine informs it has secured 14 offshore support vessel contracts with BP Exploration (Caspian Sea) Limited.     Under the terms of the agreement, Topaz will supply 14 offshore support vessels for a five-year period plus two one-year


HSOG Named a Distributor for Marine Armor Systems

HSOG Limited appointed antipiracy and ship hardening distribution and installation agents for Marine Armor Systems.   Global marine and offshore service provider HSOG has been appointed distribution and installation agents for the and cost effective antipiracy and ship hardening system


Dryships Sinks Into Loss

DryShips Headquarters Photo Dryships

DryShips Inc. (NASDAQ:DRYS), or DryShips or the Company, an international owner of drybulk carriers and offshore support vessels, today announced its unaudited financial and operating results for the quarter ended December 31, 2015. Fourth Quarter 2015 Financial Highlights


Wärtsilä Launches WTT-40 Transverse Thruster

The WTT-40 addresses market requirements for high power transverse thrusters for bow and stern applications

Wärtsilä is launching its new Wärtsilä WTT-40 transverse thruster. The first WTT-40's have been ordered and are scheduled for delivery during 2016. This first variant is part of Wärtsilä's new transverse thruster series and features a 4000 kW power level and a 3400


Blue Brother Supply Vessel Launched

Blue Brother (Photo credit: Franco Ortolani)

A new launch for Vittoria Shipyard in Adria (Italy). The ceremony for Blue Brother took place in the waters of the Canalbianco-Po River.   The supply vessel will be leased out to Bambini di Ravenna, which is one of the most important maritime transport companies in Italy


Topaz Energy and Marine Net $ 20.8m Profit

Photo Topaz Energy and Marine

Topaz Energy and Marine, a leading offshore support vessel company, today announces its results for the year ended 31 December 2015. Business Highlights   * Net Profit for the period was US$ 20.8m before exceptional items, impairment charge of US$71 million on vessels and a one-off


DryShips Ups Its Revolver Facility

Courtesy DryShips

DryShips an international owner of drybulk carriers and offshore support vessels, today announced that it has entered into an agreement to increase its secured revolving facility (“Revolver”) provided by an entity controlled by the Company’s Chairman and CEO, Mr. George Economou


New CEO at GulfNav Leads Expansion Plans

From right to left: Khamis Juma Buamim, Group CEO, Abdulla Saeed Abdulla Brook Al Hemeiri, Chairman, and Ahmad Al Kilani, Board Member of Gulf Navigation (Photo: Gulf Navigation)

Dubai-based shipping company Gulf Navigation Holding PJSC (GulfNav) has announced in a press conference at Rose Rayhaan by Rotana April 19 its expansion plans to increase its assets under management and service-based revenue. The shipping company also revealed the appointment of Khamis Juma Buamim


BV Guidelines for Offshore Access Systems

OAS in action Acta Orion (Courtesy Acta Marine)

Leading international classification society Bureau Veritas has developed guidelines for walk-to-work (W2W) motion compensated Offshore Access Systems (OAS) which are used to transfer industrial personnel to and from offshore installations. Guidance Note NI629 Certification of Offshore Access






 
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