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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.


Gareware Offshore Eyes Shipbuilding Venture

Mumbai-based Garware Offshore Services Ltd. plans to enter the shipbuilding business by setting up a facility to build offshore support vessels. Reports from India say the yard will be a joint venture with Norway-based ship Havyard Leirvik AS. Sources in India have suggested that the company will form a 50/50 joint venture, and that the Indian company is considering various sites in Gujarat for the yard. [Source: http://www.oilpubs.com]


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


MPFSV Harvey Stone Delivered to Harvey Gulf

Image: Robert Allan Ltd.

The Harvey Stone is a Multi-Purpose Field Support Vessel (MPFSV) that will serve as a dedicated field support vessel for the Shell Stones FPSO offshore terminal. Her primary duties will be to operate as the dedicated pull-back tug, in support of, and assisting the berthing


Gulf Island Launches MPSV for Hornbeck

Photo: Gulf Island Shipyards

Gulf Island Shipyards, a division of Gulf Island Fabrication, Inc. has launched the newly built M/V HOS Warhorse on Wednesday, November 2, 2016 at their Jennings, La. facility.   The HOS Warhorse, the first of a two vessel contract for Hornbeck Offshore Services


DryShips Delivers M/V Sorrento

Photo: DryShips Inc.

 DryShips Inc., an international owner of drybulk carriers and offshore support vessels,  has announced that on November 22, 2016, it has successfully delivered the 2004 built Panamax bulk carrier M/V Sorrento to an unaffiliated third party buyer for a gross price of $6.7 million.


GNH to Expand Oerations in Northern UAE

 Gulf Navigation Holding (GNH) announces the initiation of studies for large expansion of its operations in the northern region of the United Arab Emirates consisting of a set of comprehensive maritime activities, (the GNH Northern Project), including ship building


Dryships Announces Deleveraging Transaction

File photo: Ocean Rig Corcovado and Ocean Rig Olympia naming ceremony at Samsung Heavy Industries

 DryShips Inc., owner of drybulk carriers and offshore support vessels,  announces deleveraging transaction and vessel sale.   It has reached an agreement with Sifnos Shareholders Inc. (sifnos) to convert $8.75 million of outstanding principal amount  


Dryships Sells Panamax ‘at 10% premium’

Dryship HO Courtesy Dryship

 DryShips Inc. (NASDAQ:DRYS), or the Company, an international, owner of drybulk carriers and offshore support vessels, today announced that it has sold the 2002 built Panamax drybulk carrier MV Oregon. The vessel MV Oregon, along with the associated bank debt


Topaz Secures Tengiz Oilfield Contracts

Offshore support vessel company Topaz Energy and Marine has been appointed the technical managers of three vessels by a consortium comprising Blue Water Shipping A/S and Kazmortransflot (KMTF), in connection with the TCO developed Tengiz oil field in Kazakhstan.  


Op-Ed: Alaska's Golden Offshore Opportunity

Credit: Shell McCown

Offshore energy presents a golden opportunity for Alaska and the United States.   As we enter the final quarter of the year, one of the last and most pressing pieces of business facing the Interior Department is to finalize its next offshore leasing program


US Offshore Wind Comes to Life

(Photo: Robert Kunkel)

Marine News contributor Robert Kunkel asks: Are we ready to support the farms?   On August 19, 2016, we watched as the fifth tower and associated nacelle was raised on the Deepwater Offshore Wind Farm approximately 3 miles offshore of Block Island, Rhode Island


New Saudi Arabia Shipyard to be ‘World’s Largest’

Photo: Royal HaskoningDHV

Developers of a new shipyard in Saudi Arabia say the facility will be the largest maritime yard in the world providing a range of services, including large shipbuilding, large ship repair, offshore rigs fabrication and offshore support vessel repair.  


Fuel Data Analysis Improves Performance

(Photo: Royston Diesel Power)

Enginei fuel monitoring systems provide comprehensive fuel data analysis and reporting options to provide vessel owners and operators with detailed engine performance and other mission critical information.   To support workboats, offshore support fleets and inland waterway operators along


Sembcorp Marine Swings to Loss in Q3

Photo: Sembcorp Marine

Singapore's Sembcorp Marine Ltd swung to a loss in the third quarter and the rig builder's revenue was hurt by customers deferring rig deliveries amid a protracted downturn in the oil and natural gas market.   The company posted a net loss of S$21.8 million ($15


Emas Offshore Sinks Deeper into Red

EMAS Offshore Limited announced today a net loss of US$265.3 million for the full year ended 31 August 2016 (“FY2016”). Net loss for the three months ended 31 August 2016 (“4QFY2016”) stood at US$98.5 million.  


DryShips Sells 5 Vessels

Image: DryShips

 DryShips Inc., an international owner of drybulk carriers and offshore support vessels, has sold five of its Panamax vessels for an aggregate gross price of $29.4 million.   Company has Sold its two Panamax vessels Amalfi and Samatan, along with their associated bank debt


Lloyd's Register Renews Ecospeed Certificate for Ice Ships

“Only a few types of coatings are capable of providing this protection,” says Subsea Industries CEO Boud Van Rompay (Photo: Subsea Industries)

Classification society Lloyd’s Register has renewed its certification of the Ecospeed hard coating as an approved abrasion resistant hull protection system for vessels operating in Polar waters. Upon receiving the new Certificate, Subsea Industries’ CEO Boud Van Rompay said:






 
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