Research and Markets has announced the addition of the "Global Offshore Support Vessel Market Report 2013-2018" report to their offering, with excerpts from the prospectus as follows: This market is dependent on offshore exploration and production activities, which is one of the key driving factors. Any fluctuation in the offshore industry or in the oil and gas market is completely reflected in the offshore support vessel market. Offshore support vessel manufacturers are focusing on R&D in order to develop new and improved vessels for offshore platforms, which offer more distinguished and revolutionary features such as Dynamic positioning (DP) with better efficiency and navigational ability. Expansion and mergers and acquisitions into new and emerging markets such as APAC, North-West Europe, and South America will continue to be the key for success for offshore support vessel manufacturers and managers to increase their overall sales and revenue. Tidewater (U.S.) is one of the key players in the offshore support vessel market. It holds significant share of the market, followed by Edison Chouest (U.S.) and Seacor Marine (U.S.). The market is mostly fragmented with a large number of small support vessel companies. For this report, the major players in the market are identified through secondary and primary research, based on which their market shares are evaluated
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.
Wärtsilä has been awarded a contract by Eastern Shipbuilding Group, of Panama City, Florida to supply an integrated solution for a new multipurpose support vessel (MPSV) for Harvey Gulf International Marine of New Orleans. This offshore vessel is the first in a series of three MPSVs being built for Harvey Gulf. The Wärtsilä contract includes an option for the supply of equipment to the remaining two vessels of the series.
Increased sophistication within the offshore support vessel (OSV) market has prompted classification society ABS to develop standalone guidance for these more specialized yet multi-functional vessels. Newly developed criteria and relevant existing Rule requirements have been consolidated into the ABS Guide for Building and Classing Offshore Support Vessels. ABS classes approximately one-third of the worldwide OSV fleet and in the past had reviewed these specialized vessels by
Fairmount Marine’s multipurpose support vessel Fairmount Fuji has supported Angolan maritime service provider Octomar Serviços Maritimos in underwater maintenance of the drilling rig Transocean Rather. The Fairmount Fuji hosted and assisted a diving team of Octomar during the six weeks job offshore Angola. The Fairmount Fuji is a multipurpose support vessel with a spacious aft deck of 280 square meters and with towing capabilities
VT Halter Marine Inc. began the construction of the U.S. Army Tank-automotive and Armament Command's (TACOM) newest Logistic Support Vessel (LSV), marked by a keel laying ceremony at the yard. "Our employees have first-hand experience in designing and building Logistic Support Vessels, Large Tugs and LCU-2000 Class Landing Craft that are specifically tailored to operational requirements," said Butch King, CEO of VT Halter Marine. "The U.S
Singapore's Swissco Holdings say they have placed orders with China shipyards for two anchor handling tug supply vessels (“AHTS”) and a fast utility/crew boat with a one plus one option. The newbuild vessels, excluding owner supplied equipment, are worth an aggregate of S$42 million. “We believe that the heightened demand for offshore support vessels will remain sustainable on the back of healthy level of activities in the robust oil and gas industry and we will continue
Harvey Gulf International Marine’s CEO, Shane Guidry, announced that, on June 4, 2012, Harvey Gulf signed an agreement with Bee Mar, LLC to purchase all of Bee Mar’s vessels and assets. The purchase will include 10 Offshore Supply Vessels, which will increase Harvey Gulf’s fleet to a total of 32 vessels – with 24 deepwater, new generation Offshore Support Vessels and 8 deepwater towing vessels. Upon closing, Harvey Gulf will have operations in the U.S
New Orleans based Harvey Gulf International Marine, has announced the launching of its completely remodeled corporate website: www.HARVEYGULF.com. The website has been updated to reflect the growth and presence of Harvey Gulf as one of the leaders in the U.S. oil and gas industry as well as being the leader in LNG powered offshore support vessels. Visitors to the website will be able to access detailed specification sheets for the fleet
Otto Marine's shipyard has sold the multi-purpose offshore support vessel 'Otto Explorer 3' to RY Offshore Ltd. for about US$ 50-million. Upon completion of the sale, the buyer will charter the vessel to the Ottto Marine Group subsidiary, Go Marine Group Pty Ltd. The company has received a deposit of US$1 million from the buyer for the transaction with the balance to be paid upon delivery of the vessel, which is being built at the Otto Marine shipyard in Batam, Indonesia.
Cochin Shipyard Ltd (CSL) has launched the 14th of the series of 20 Fast Patrol Vessels (FPV) being built for the Indian Coast Guard. With this, CSL said, it has accomplished a rare feat of achieving three ship building milestones viz, keel laying
Triangle Marine Services and Marine Core & Charter host keel laying ceremony for two Aluminum Fast Offshore Support Vessels UAE-based shipbuilder Triangle Marine Services has laid the keels of two new 45-meter Aluminum Fast Offshore Support Vessels
While declining Asian LNG prices have reduced margins on the long-distance LNG trade, causing spot-charter rates for LNG vessels to fall, LPG shipping earnings are forecast to remain buoyant on the back of low oil prices and the absence of fuel substitution.
James Fisher Marine Services’s (JFMS) multipurpose wind farm support vessel, Dart Fisher, has been formally named by the vessel’s Godmother Maria McCaffery MBE, CEO of RenewableUK at a dedication service held at Griffon Hoverwork, Southampton.
Fendercare Marine has signed a contract with BAE Systems Naval Ships for the provision of rudder blades, rudder stocks, sleeves/liners for rudder stock, anchors, chain and deck equipment for three new Offshore Patrol Vessels (OPVs) for the U.K. Royal Navy.
MMA Offshore, the company born from the merger of Mermaid Marine Australia and Jaya Holdings in June 2014, posted a net profit of $37.7 million for the half year that ended on December 31, 2014. This represents a 55.8% increase over the same half-year in 2013 for what was formerly Mermaid Marine
Khamis Juma Buamim, Chairman of Drydocks World Group and Maritime World participated in the "Annual Offshore Support Journal Conference" held from February 17th to 19th 2015, in London. The conference saw good participation from key global and regional speakers in the marine
Maritime New Zealand (MNZ) said it was monitoring the situation of a small oil spill at the Raroa platform, about 70 kilometres off the Taranaki coastline. The operator, the New Zealand branch of international oil company OMV, says about 250 litres of oil was spilt on Friday when a
Topaz Marine KSA, a subsidiary of Topaz Energy and Marine, and the King Abdul Aziz University in Jeddah have joined forces to offer training to cadets from the university which allows them to operate as officers onboard sea going vessels.
Class-leading offshore energy crew transfer vessel operator Seacat Services today launches Seacat Courageous, the firm’s second 26-metre crew transfer vessel, as it continues to support the growth of the European offshore wind market.
Bibby Ship Management is seeing a near 20% increase in inquiries for its services from the offshore sector as ship owners and support vessel operators look to reduce costs and recruit the best crews for their vessels. This development is fuelled in part by a move by the oil majors to reduce
Harvey Gulf International Marine LLC made maritime history in North America last week by being not only the first owner/operator of a dual fuel offshore support vessel to bunker LNG as a marine fuel but to also successfully complete the first truck to vessel transfer of LNG and to power
Harvey Gulf International Marine LLC has received the first ABS Classification Certificate and the first USCG Certificate of Inspection for a vessel powered by LNG. The M/V Harvey Energy is the first LNG powered vessel in service in North America
Jay Daga has been named Chief Financial Officer of Topaz Energy and Marine, an international offshore support vessel owner with operations in the Middle East, Caspian and West Africa. Daga will take his position with immediate effect
N-Sea has launched its third diving support vessel, the Edradour, representing a $2.2 million investment for the company to be immediately utilized in its inspection, maintenance and repair (IMR) operations in the North Sea, as well as in Holland and Germany.