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Tuesday, March 19, 2024
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Year Charter News

14 Mar 2024

TotalEnergies Renews Contract for Bibby WaveMaster 1 SOV’s Services

(Credit: Bibby Marine)

Bibby Marine has secured a three-year contract extension with long-standing client TotalEnergies EP Nederland for its ‘walk-to-work’ service operation vessel (SOV) Bibby WaveMaster 1.The three-year charter extension will begin in the first quarter of 2025, and the vessel will be deployed on the Dutch continental shelf in the Southern North Sea.The SOV will continue to accommodate and transport service engineers and maintenance personnel, supporting gas production activities across…

21 Feb 2024

Sulmara Set to Refit Ocean Marlin Vessel Under New Multi-Year Charter Deal

Ocean Marlin (Credit: Sulmara)

Glasgow-headquartered subsea specialist Sulmara has signed a three-year deal with Atlantic Offshore to charter the DP II multi-purpose support vessel Ocean Marlin, that will undergo substantial refitting to accommodate the needs of renewable energy sector.As part of the contract, Sulmara, who earlier in February announced the signing of a Master Service Agreement with Asso.subsea, will undertake a substantial refit of the emergency response rescue vessel (ERRV) to transform it for use in the renewables sector.The refit will include the installation of class-leading survey equipment…

15 Feb 2024

Vard to Build Cyan Renewables’ SOV for Taiwan’s Offshore Wind Farms

(Credit: Cyan Renewables)

Vard, a Norwegian subsidiary of the Fincantieri Group, has signed a contract for the design and construction of a hybrid power service operation vessel (SOV) for the Taiwanese company Cyan Renewables.The news comes after Siemens Gamesa awarded a 15-year charter contract to Cyan Renewables for the SOV that will enter service at Hai Long 2, part of the Hai Long Offshore Wind Project, consisting of Hai Long 2 and 3 offshore wind farms in Taiwan.Siemens Gamesa Selects Contractor for…

15 Feb 2024

Siemens Gamesa Selects Contractor for First SOV Newbuild in Asia

(Credit: Cyan Renewables)

Cyan Renewables, a portfolio company of Seraya Partners, will build Siemens Gamesa’s first service operations vessel (SOV) in Asia to facilitate the servicing of wind turbines for the Hai Long offshore wind projects in Taiwan.Siemens Gamesa awarded a 15-year charter contract to Cyan Renewables. The contract will begin in 2026 and the SOV will be used to service 73 SG 14-222 DD offshore wind turbines in Hai Long offshore wind farms, located about 50 km off the coast of Changhua County in Taiwan.As one of the largest offshore wind farms in Taiwan with a total installed capacity of over 1GW…

24 Jan 2024

Rovco Grows Offshore Wind Survey Fleet

DP2 vessel Glomar Worker (Credit: Rovco)

Rovco, a UK-based subsea robotics and survey firm, has added a second hull mounted survey vessel to its fleet with the long-term charter of the DP2 vessel Glomar Worker. The four-year charter with Glomar comes in response to client demand for innovative geophysical and geotechnical survey solutions, according to the company.Rovco has started the conversion of the sister vessel to the already contracted Glomar Supporter, already under long-term charter.After completion of these role specific upgrades…

17 Jan 2024

Fratelli Cosulich Inks Charter Deal for LNG Bunkering Vessel

(Credit: Fratelli Cosulich)

Italian shipowner Fratelli Cosulich and PETCO Trading Labuan Company Limited (PTLCL), a trading arm of Malaysian energy company Petronas, have signed a two-year charter agreement for Paolina Cosulich LNG bunker barge.Operating under PTLCL, a global energy solutions provider in key bunker hubs with network in Southeast Asia, Japan, Middle East and South Africa, Paolina Cosulich will cater to the increasing demand for LNG as bunker fuel in the Straits.Fratelli Cosulich’s latest LNG bunger barge features a cargo capacity of 8…

10 Nov 2023

Reach Subsea Partners with Agalas for New IMR/Survey Vessel

Credit: Reach Subsea

Reach Subsea, a Norwegian subsea services company, has signed a long-term charter contract with Agalas for a modern IMR/Survey vessel to be built in Turkey.According to Reach Subsea, to be hired on three or five-year charter, will has a low emission, smart lifting arrangement and a state of the art equipment package that can be adapted to several market segments, with delivery early 2026.Reach Subsea CEO Jostein Alendal said:"The market for subsea vessels is expected to remain tight for the foreseeable future…

10 Oct 2023

Unmanned Surface Vessel Set to Transform Subsea IMR & Offshore Survey Work

Credit: DeepOcean

Subsea services company DeepOcean and the Norwegian oil and gas company Aker BP have agreed to "pioneer" the use of an unmanned surface vessel (USV) for subsea inspection, maintenance, and repair (IMR) and survey work.The first USV is planned to be ready for offshore operations from 2025, when it will go on an eight-year charter agreement with DeepOcean from specialist provider USV AS."Aker BP and DeepOcean already cooperate under a frame agreement for subsea IMR and survey work, and Aker BP has contributed to the development of the USV.

15 Aug 2023

Keel Laid for US' First Plug-in Hybrid SOV

(Photo: Equinor)

The keel has been laid for the United States' first plug-in hybrid service operation vessel (SOV) at Edison Chouest Offshore's (ECO) LaShip Shipyard in Houma, La.Louisiana-based ECO has a 10-year charter agreement to operate the SOV for Empire Offshore Wind, a joint venture between Equinor and BP, starting form the mid-2020s.The 262-foot-long vessel will accommodate up to 60 wind turbine technicians for operations and maintenance work at the Empire Wind 1 and Empire Wind 2 offshore wind farms off the coast of Long Island…

04 Aug 2023

Concordia Maritime Sells Two Product Tankers

(Photo: Christian Badenfelt / Concordia Maritime)

Concordia Maritime on Friday announced it has entered into an agreement to sell two of its product tankers. The vessels are the 65,200 dwt Stena Progress and the 65,200 dwt Stena Premium, built in 2009 and 2011 respectively.After repayment of loans and liabilities to related parties, the transaction generates a liquidity supplement of approx. SEK 100 million (approximately US$9.5 million), Concordia Maritime said. The remaining debts are current operating liabilities.“With the sale, we continue to take advantage of the strong market and the high prices for older vessels.

18 Jul 2023

Brunvoll to Deliver Propulsion System of New Green Fuel SOV

 Illustration: HAV Design AS

Danish offshore vessel owner ESVAGT and Norwegian ship designer HAV Design have selected Brunvoll as the supplier of a propulsion and maneuvering system for another Service Operations Vessel (SOV). The delivery will be a repeat of the contracted vessel from last year, known as "The world's first green fuel SOV". Both vessels are built by Cemre Shipyard and will enter into a 10-year charter for Ørsted at their UK East Coast Hub.The delivery from Brunvoll consists of a complete propulsion and maneuvering system…

22 Jun 2023

VLGC Lucky Gas Delivered to Al Seer Marine

(Photo: International Holding Company)

Al Seer Marine has taken delivery of its first very large gas carrier (VLGC) from South Korean shipbuilder Hyundai Heavy Industries.The 84,300-cubic-meter-capacity Lucky Gas is employed on a 10-year charter with UAE-based BGN International DMCC.The VLGC forms part of an AED 495 million transaction signed in 2021 by ABGC DMCC, the joint venture between Al Seer Marine and BGN International.Al Seer Marine, a unit of Abu Dhabi-based International Holding Company, is in the midst of a fleet expansion program…

18 Oct 2023

Powering the North American Maritime Fuel Transition

(Photo: Harvey Gulf)

Offshore service vessels, along with workboats serving harbors and inland rivers, have embarked on an industry-wide voyage toward reduced emissions of greenhouse gasses. Professor Craig Philip, a faculty member with Vanderbilt University’s Center for Transportation and Operational Resilience (VECTOR) and former CEO of Ingram Barge Company, provides this context: “The Maritime Sector has long provided shippers with the most fuel-efficient and sustainable freight transport option…

03 May 2023

Concordia Maritime Sells 13-year-old Product Tanker

Stena Penguin (Photo: Concordia Maritime)

Concordia Maritime announced Wednesday it has entered into an agreement to sell its 13-year-old product tanker Stena Penguin to an unnamed European buyer.The 65,200 dwt Stena Penguin is scheduled to be delivered to its new owner during the second quarter of 2023.Overall, the sale is expected to have a positive liquidity effect of approximately SEK 215 million (about $20.9 million) after repayment of the remaining bank debt to Svenska Skeppshypotek, Concordia said.Concordia Maritime CEO, Erik Lewenhaupt, said, “We are now divesting another vessel with a good margin.

22 Mar 2023

DeepOcean's Fleet Gets a Boost with Olympic Ares Vessel Charter

Subsea services firm DeepOcean has taken the Olympic Ares multi-purpose support vessel (MPSV) on a two-year charter. The vessel is owned by the Norwegian shipowner Olympic Subsea.The vessel is a modern construction support vessel equipped with a 250 Te crane. It will provide subsea inspection, maintenance, and repair (IMR), light construction, and recycling services to DeepOcean’s clients in the offshore renewables and oil and gas industries.Øyvind Mikaelsen, CEO of DeepOcean…

24 Feb 2023

DOF Subsea's Flagship Vessel Wins More Work

Norwegian subsea services company DOF Subsea has secured more work for its Skandi Africa vessel.The client, which DOF Subsea did not name, has exercised an extension option for the subsea service vessel, with the new commitment now running until February 2025.DOF Subsea CEO, Mons S. Aase, said: "Skandi Africa is the most sophisticated vessel in our fleet, and we are looking forward to continuing the journey, delivering successful installation campaigns.”Skandi Africa is designed for harsh environments, deepwater subsea construction, and flexlay operations. The 160.9-meter-long vessel was built in 2015, when it began its five-year charter with Technip (now TechnipFMC).According to MarineTraffic.com…

24 Jan 2023

Rovco Expands Offshore Capabilities with Glomar Supporter Charter

Credit: Rovco

Rovco, a UK-based subsea robotics and survey firm, has signed a three-year charter with Glomar Offshoreof the multipurpose support vessel, Glomar Supporter.The company said the charter was part of its growth strategy within its site characterizing business unit, and market a significant expansion of the company’s offshore hydrographic, geophysical, and shallow geotechnical survey capabilities."Responding to high client demand amid a rapidly growing offshore wind market, Rovco…

19 Jan 2023

Hoegh Pens 10-year FSRU Charter Deal with Germany

Credit:Demosthenes Kyriakoulis/AdobeStock

Höegh LNG said Thursday it had signed a binding 10-year charter with the German government for the supply of the floating storage and regasification unit (FSRU) Hoegh Gannet.The FSRU vessel will be based at the Deutsche Energy Terminal GmbH-run Elbehafen LNG project in Brunsbüttel. The Elbehafen LNG project is developed by RWE and its subsidiary Elbehafen LNG in close cooperation with its partners, Höegh LNG. "We are proud to sign the second contract with the Federal Government…

13 Jan 2023

Helix Inks Long-term Charter for Glomar Wave

(Photo: Helix Energy Solutions Group)

Helix Energy Solutions Group, Inc., announced its robotics division has entered into a three-year charter agreement with two years of options for the DP2 offshore support vessel Glomar Wave for work on a range of opportunities in both the offshore renewables and oil and gas sectors.Helix Robotics Solutions' Glomar Wave, a DP2 66.4-meter multi-role vessel, is expected to operate across energy sectors supporting Helix clients in a variety of roles.The purpose-built vessel, equipped with a 25Te crane…

29 Dec 2022

FSRU Exemplar Arrives in Finland

FSRU Exemplar  - Credit: Excelerate Energy

Excelerate Energy's floating storage and regasification unit (“FSRU”) Exemplar arrived at the port of Inkoo, Finland on December 28, 2022. The FSRU was previously loaded with a partial cargo of liquefied natural gas (LNG) which will serve as the initial commissioning cargo for the terminal."The FSRU Exemplar, which is chartered to Gasgrid Finland Oy (“Gasgrid”) for a period of ten years, will provide flexible, reliable, and secure delivery of regasified LNG to Finland and other Baltic countries," the FSRU owner said.

21 Dec 2022

Bibby Floatel to House Bridge Builders in Denmark

(Photo: Bibby Marine)

One of Bibby Marine’s floating accommodation barges, ‘floatels’, the Bibby Bergen, is on its way to Vordingborg, Denmark where it will house bridge construction workers. The floatel will be used on a two-year charter for Site Facility, a Danish company specializing in handling accommodation of larger groups of employees on remote sites.With 180 cabins, a kitchen, restaurant, relaxation rooms and laundry facility on board, the Bibby Bergen will house personnel working for the Storstrom Bridge Joint Venture.The bridge under construction…

21 Dec 2022

Vestas, N-O-S to Deploy World's First Methanol-powered Crew Transfer Vessel at German Wind Farm

©N-O-S

Offshore wind turbine maker Vestas and offshore vessel owner Northern Offshore Services (N-O-S) have partnered up to deploy the world’s first methanol-powered offshore crew transfer vessel to drive down emissions from offshore wind service operations.Vestas has signed a five-year charter to explore how the world’s first methanol-powered crew transfer vessel (CTV) can help reduce carbon emissions from its offshore service operations. The CTV, provided and developed by N-O-S, will be powered by a dual-fuel solution…

20 Dec 2022

FSRU Exemplar Set to Arrive at Finland's Inkoo Port on Dec. 26

©Excelerate Energy's FSRU Exemplar - Photo courtesy Excelerate Energy

The floating liquefied natural gas (LNG) terminal chartered by Finland to replace Russian gas is scheduled to arrive at Inkoo port west of Helsinki on Dec. 26, Refinitiv Eikon data showed on Tuesday. Finland has agreed a 10-year charter for the Exemplar floating storage and regasification unit (FSRU) that will serve both its domestic and the Baltic market, providing additional resources as Europe grapples with an energy crisis. On Monday, the vessel's lessee and operator Gasgrid…

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