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Supply Vessels News

15 Mar 2024

TotalEnergies Awards New Contracts to Siem PSV Pair in Brazil

Siem Atlans PSV (Credit: Siem Offshore)

Norwegian shipowner Siem Offshore has secured new contracts with TotalEnergies for two of its platform supply vessels (PSV) for work offshore Brazil.The contracts are for Siem Giant and Siem Atlas PSVs.The new duration for Siem Giant is three years firm with options up to four more years.For Siem Atlas, the new duration is nine months firm with options until the end of the second quarter in 2027.Both vessels will start the contracts in June 2024 in direct continuation of present contractsā€¦

07 Mar 2024

Harvey Gulf Upgrading Liquid Mud Tanks on Five OSVs

(Photo: Harvey Gulf International)

Offshore vessel owner Harvey Gulf International Marine announced it is modifying its fleet of five dual fuel liquefied natural gas (LNG)/diesel electric powered offshore supply vessels (OSV).A key enhancement includes the segregation of Liquid Mud tanks into six isolated independent tank systems, each equipped with dedicated pumping, valve, loading, and discharging systems with zero chance of cross contamination.The first vessel to undergo these modifications, the 310ā€™ DP2 Harvey Libertyā€¦

26 Feb 2024

US Coast Guard Announces New Merchant Mariner Credential

Example of the new certificate size one page merchant mariner credential (Image: USCG)

The U.S. Coast Guard announced a new merchant mariner credential (MMC) set to launch on March 1, 2024, marking the first comprehensive revision of the mariner credential in nearly a decade.The Coast Guard is the exclusive source of U.S. MMCs, which are required for U.S. mariners who serve on commercially operated vessels such as passenger boats, tug and barges, offshore supply vessels, and deep draft ocean going cargo vessels throughout the nation and internationally.The Coastā€¦

30 Jan 2024

GEOS Lands Contracts for Two PSVs with Oil Major

Energy Passion PSV (Credit: GEOS)

Norwegian vessel owner Golden Energy Offshore Services (GEOS) has entered into contracts for two of its platform supply vessels (PSVs) ā€“ Energy Passion and Energy Paradise.The contract is with ā€˜Tier 1 international oil majorā€™ whose name was not disclosed, with the operations planned to take place in the North Sea.The contract for the 2016-built Energy Passion PSV is for one-year firm, with one-year option.The Energy Paradise PSV, built in 2015, has been hired for six months firm and six months option.The gross contract value for the firm period is $14 millionā€¦

25 Jan 2024

SEACOR to Convert Four PSVs to Battery Hybrid Power

SEACOR Atlas (Photo: SEACOR Marine)

SEACOR Marine announced it will convert four of its platform supply vessels (PSV) to battery hybrid power in a move to enhance efficiency and slash emissions.The Houston-headquartered marine transportation firm said on Thursday it has ordered containerized energy storage systems (ESS) from Norway's Kongsberg Maritime for install aboard SEACOR Ohio, SEACOR Alps, SEACOR Andes and SEACOR Atlas.The four 278.4-foot-long PSVs are all of Kongsberg Maritime's UT771 CDL design and were built in China from 2018 to 2020.

14 Jan 2024

2023 a Record Setting Year for Singapore

Source: Government of Singapore

Chee Hong Tat, Singaporeā€™s Acting Minister for Transport, announced a record year in 2023 at a Singapore Maritime Foundation New Year Conversations event.The annual vessel arrival tonnage in the Port of Singapore crossed three billion gross tonnage (GT) for the first time, increasing by 9.4% over 2022 and setting a high of 3.09 billion GT in 2023. This reflects growth in all segments, including container ships, dry bulk carriers, liquid bulk and chemical tankers, ferries and specialised vesselsā€¦

02 Jan 2024

Amogy Brings Ammonia Into the Mix

Ā© Forance / Adobe Stock

Ammonia is one of several renewable fuels seen as an option to help the maritime industry decarbonize.One of the companies working to unlock the fuelā€™s potential is Brooklyn, N.Y. based Amogy, developer of an onboard system that feeds liquid ammonia through a cracking process to create hydrogen on demand for power generation via fuel cellā€”without carbon emissions.Having already demonstrated its technology on an aerial drone, tractor and semi-truck, Amogy is currently working toā€¦

28 Dec 2023

Island Offshore Lines Up Long-term Work for Island Condor

(Photo: Kongsberg Maritime)

Norwegian shipowner Island Offshore announced it has secured long-term employment for its offshore support vessel Island Condor, commencing in autumn 2024."This is a fantastic Christmas gift for the company! We have worked purposefully to secure longer assignments and are grateful for the trust the customer has shown us," said Tommy Walaunet, managing director of Island Offshore Management AS.Having worked as a walk-to-work vessel in the British sector for many years, apart from Norwegian projects in the past yearā€¦

21 Dec 2023

Fugro to Convert Two More PSVs to Geotechnical Vessels

Credit: RemĆøy Shipping

Dutch offshore survey firm Fugro has reached an agreement to acquire two platform supply vessels (PSVs), Sea Goldcrest and Sea Gull, which will be converted to geotechnical vessels to address the needs of growing offshore wind sector.The addition of the Sea Goldcrest and Sea Gull, built in 2019 and 2020 respectively, to its owned fleet will further strengthen Fugroā€™s ability to address the market demands and shortage in geotechnical capable vessels, the company said.With the purchase of these strategic assets Fugro will operate a balanced fleet of owned and chartered vesselsā€¦

01 Dec 2023

McAllister Towing Releases Its First Sustainability Report

(L to R): Keegan Plaskon, ABS Director, Business Development; Buckley McAllister, Chairman and CEO of McAllister Towing; and Stergios Stamopoulos, ABS Manager, Sustainability; at the 2023 International WorkBoat Show in New Orleans.

McAllister Towing has released its inaugural sustainability report.ABS specialists worked with McAllisterā€™s team to provide greenhouse gas inventory and sustainability reporting services, calculating the operational carbon intensity and benchmarking the performance of the McAllister fleet of more than 60 vessels, including tugboats, passenger ferries, offshore supply vessels, crew boats and barges in over 13 locations along the U.S. East Coast.The report covers topics such as McAllisterā€™s fleet profileā€¦

20 Nov 2023

Standard Supply to Sell PSV Trio for $72.2M

Credit: Alan Jamieson/Flickr - CC BY 2.0 DEED

Oslo-listed Standard Supply has recently agreed to sell three large platform supply vessels, Standard Viking, Standard Supplier, and Standard Defender, for a gross of $72.2 million.Adjusting for ownership, proceeds to Standard Supply will be $69.5 million gross. The transaction is contingent upon certain conditions to be lifted by the end of November, and completion is expected no later than mid-January 2024. Martin Nes, Chairman of Standard Supply said: ā€œStandard Supply was always intended to be an asset play with an opportunistic approach towards the market.

15 Nov 2023

Rem Offshore Nets Multiple Offshore Vessel Deals Worth $138M in Total

Norway-based offshore vessel owner Rem Offshore said Wednesday it had secured multiple long-term contracts for its vessels. "The contracts have been signed on market terms and will ensure high fleet utilization in the coming years," Rem Offshore said.The 2013-built Rem Inspector subsea vessel has been awarded contracts for work on offshore wind projects in Taiwan. The contracts have a total duration of just over one year with start-up in the fourth quarter of 2023, with an undisclosed client.Since 2019ā€¦

07 Nov 2023

AD Ports Group Acquires 10 Offshore Vessels in $200 Million Deal

Credit: STOCKSTUDIO/AdobeStock

AD Ports Group said Tuesday it had acquired offshore vessels from E-NAV, for around $200 million, to bolster offshore operations in the Middle East and Southeast Asia.According to AD Ports, the vessels make up a well-maintained, diversified fleet with an average age of around 9 years, significantly less than the industry average. All 10 vessels are expected to be delivered in Q4 2023 with financial consolidation taking place from Q1 2024 onwards."The acquisitions, from international Offshore Supply Vessel owner and operator E-NAVā€¦

01 Nov 2023

Brazilian Offshore Uptick Could Tighten US OSV Fleet

(File photo: Jackson Offshore Operators)

Increased activity in the Brazilian offshore oil and gas sector could help strengthen the market recovery for offshore supply vessels (OSV) in the U.S. Gulf of Mexico.In early October, Brazilian state-owned oil company Petrobras issued requests for quotations (RFQ) for up to 20 OSVs ranging from 3,000 to over 4,500 deadweight tons to support upcoming drilling and production activities. The value of all of these potential long-term charters could approach $1 billion.While Petrobras typically prefers to use Brazilian-flagged vesselsā€¦

06 Oct 2023

Bourbon Horizon Inks MOU for Zero-emission PSVs Using Amogy's Ammonia Technology

(Image: Green Ships AS)

Norwegian partners are planning to build a series of zero-emissions platform supply vessels (PSV) equipped with Amogy's ammonia-to-power technology.Green Ships AS, a consultancy specialized in the design and construction of environmentally friendly vessels, and Bourbon Horizon AS, an international offshore shipping company, have signed an MoU with Amogy for the supply of its technology to two PSVs. The deal includes an option for a third vessel.Bourbon Horizon, formerly Bourbon Offshore Norway, will be the commercial and technical manager of the new vessels.

05 Oct 2023

Gulf Island Settles Lawsuit with Hornbeck Offshore Over MPSV Dispute

Photo: Gulf Island Shipyards

Gulf Island Fabrication said Thursday that its subsidiary, Gulf Island Shipyards, had resolved its lawsuit with the U.S. offshore vessel operator Hornbeck Offshore Services relating to the construction of two multi-purpose supply vessels (ā€œMPSVā€).Gulf Island Shipyards (GIS) sued Hornbeck Offshore in 2018over what it said was the wrongful termination of two shipyard construction contracts for the final two vessels in the company's fifth offshore support vessel (OSV) newbuild program.Hornbeckā€¦

03 Oct 2023

Offshore Wind: Support Vessel Bottlenecks Loom in the US

(Ā© David Maddock / Adobe Stock)

An offshore wind industry is growing in the U.S. with an aim to meet the Biden Administrationā€™s goal of 30 gigawatts (GW) of offshore wind by 2030, and eventually 110 GW by 2050.But as is the case for any new industry that is building up, there are going to be bumps along the way. The U.S. offshore wind industry is currently grappling with rising costs amid unprecedented supply chain issues and inflation, among other issues.One of the main challenges unique to offshore wind is a shortage of vessels.

29 Sep 2023

Vroon Offloads 30 Offshore Service Vessels to Britoil

Credit: Britoil

Britoil Offshore Services said this week it had acquired 30 offshore service vessels and supporting offices in Singapore from Dutch shipping firm Vroon."The acquisition will see an expansion of Britoilā€™s operating footprint into the Mediterranean, the North Sea and Asia Pacific. The operations will also synergise in the Middle East and Africa," Britoil said.The 30 vessels and supporting offices were part of Vroonā€™s offshore services business. Earlier this year, Vroon announced it would sell these vessels as part of a strategic reorientation.

27 Sep 2023

GEOS to Sell VOS Sugar Offshore Vessel at 'Substantial Profit'

The Norwegian offshore vessel owner Golden Energy Offshore Services AS (ā€œGEOSā€) said Wednedsay it had entered into a memorandum of agreement (the ā€œMoAā€) with an undisclosed buyer for the sale of the subsea support vessel VOS Sugar.The VOS Sugar is one of the Vroon Offshore vessels GEOS agreed to buy last month, a purchase which is in the process of completing. The MoA is subject to satisfactory vessel inspection by the buyer. Provided that the subject is lifted, the sale is expected to be completed in November 2023. "The agreed sales price in the MoA is EUR 15 million and when completed would represent a substantial cash profit to the company relative to the acquisition cost of USD 9.4 million in the [Vroon fleet acquisition]ā€¦

25 Sep 2023

Tidewater Inks Global Support Deal with Caterpillar

(Photo: Caterpillar)

Tidewater Inc., the world's largest fleet operator in the offshore support vessel (OSV) industry, has signed a Global Value Agreement (GVA) with engine manufacturer Caterpillar to ensure comprehensive parts, service, monitoring and maintenance support to help reduce total cost of ownership (TCO) and increase uptime and availability.Tidewaterā€™s fleet of more than 200 OSVs, including platform supply vessels (PSV), anchor handler towing supply vessels (AHTS), offshore tugs and crew boatsā€¦

26 Sep 2023

Fugro to Convert Two PSVs to Geotechnical Vessels

(Photo: Ulstein)

Dutch offshore survey firm Fugro will convert the Fugro Resilience and the Topaz Endurance, two ULSTEIN PX121 platform supply vessels (PSVs), to geotechnical vessels, targeting their deployment in the global offshore renewable energy market.Fugro acquired the two platform supply vessels, the Topaz Endurance and the Topaz Energy (renamed Fugro Resilience), in February 2023.Ulstein Design & Solutions AS is responsible for the redesign of the two vessels, and on September 22, 2023, Fugro awarded Ulstein Verft a contract to convert the Fugro Resilience. Both vessels were built in 2015.

28 Aug 2023

New Product: Robust, Stylish Marine Luminaires

Image courtesy Glamox

Glamox launched new range of energy-efficient indoor lighting for vessels and offshore installations, with an eye on style.The AL40 LED range of indoor luminaires is specially designed to light the interior of vessels and offshore installations. The luminaires are designed to provide comfortable and glare-free lighting for locations where crew and passengers spend a lot of time. This includes offices, cabin corridors, staircases, crew cabins, control rooms, and the bridge. On an offshore rigā€¦

28 Aug 2023

Offshore Wind: US Shipbuilders Answering the Call

From left to right: Lasse Petterson, CEO of Great Lakes Dredge and Dock; Rep. Mary Gay Scanlon, D-Pa.; President Joe Biden; and Steinar Nerbovik, CEO of Philadelphia Shipyard (Photo: Philly Shipyard)

Itā€™s a big deal when a U.S. president visits an American shipyard, and these trips always send a message. When President Obama spoke at HIIā€™s Newport News Shipbuilding in 2013, he warned of the consequences of sequestration. President Trumpā€™s 2020 speech at Fincantieri Marinette Marine touted a $5.5 billion naval contract that gave a welcome boost to the Wisconsin shipyard and its supply chain partners. Most recently, President Biden traveled to Philadelphiaā€™s Philly Shipyardā€¦

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