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Offshore Marine News

18 Mar 2024

OMSA Announces New Board Members

(File photo: Bordelon Marine)

Industry trade group the Offshore Marine Service Association (OMSA) announced the addition of four CEOs to its board of directors.The new board members include Wes Bordelon, Chief Executive Officer, Bordelon Marine; Stacy Jo Stanley, Chief Executive Officer, Offshore Oil Services, Inc.; David Dantin, Chief Executive Officer, Odyssea Marine; and Lasse Petterson, Chief Executive Officer, Great Lakes Dredge and Dock."With the addition of these four executive leaders, OMSA pays homage to its roots while welcoming expanded opportunities in emerging energy frontiers…

18 Mar 2024

New International Partnership Set to Speed Up Offshore Wind Installations in US

(Credit: Maersk Supply Service)

Danish offshore marine services company Maersk Supply Service and U.S. vessel owner Edison Chouest Offshore (ECO) have partnered up for the construction and operation of a windfarm feeder concept specifically designed for Maersk Supply Service’s next-generation wind installation vessel (WIV).The purpose-built feeder spread includes two tugs and two barges to be delivered in 2026. They will be owned and operated by ECO and constructed by Bollinger Shipyards – the largest privately-owned shipyard group in the United States.As a key component to the installation process…

01 Mar 2024

US Offshore Wind: Down but Not Out

© Eric Dale Creative / Adobe Stock

“The winds of change are blowing wild and free.” – Bob DylanIn the U.S. offshore wind industry, developments over recent months have placed an exclamation point on the word “wild”. Yes, the wind still blows “free”, but mounting challenges have proven that harnessing its power offshore is anything but. In fact, far from it, as rising materials costs, high interest rates, labor shortages and supply chain delays, among other issues, have delivered heavy blows to the commercial viability of several projects.

19 Feb 2024

Jumbo Offshore Appoints Middle East Partner as it Eyes Regional Expansion

Dutch heavy lift shipping and offshore transport and installation contractor Jumbo Offshore has signed a memorandum of understanding (MoU) with Sea Horizon Offshore Marine Services, which will act as its representative in the Middle East region.Sea Horizon Offshore, with its broad network of local partners, will represent Jumbo Offshore to potential clients in the United Arab Emirates (UAE), Qatar, and Saudi Arabia.Its scope will also include commercial representation, supporting…

05 Dec 2023

Seatrium Names Adrian Teng CFO

(File photo: Seatrium)

Singaporean shipbuilding group Seatrium announced it has appointed Adrian Teng as Chief Financial Officer (CFO), effective January 1, 2024.Teng brings over two decades of diverse international experience in strategy, finance, restructuring, operations and corporate management across developed and emerging markets. Prior to his current appointment, Teng was Group Chief Financial Officer and Chief Operating Officer of Clifford Capital Holdings, with responsibilities in finance, treasury…

09 Aug 2023

Reygar's Tech Helps HST Marine's Hybrid CTVs to Lower Emissions and Boost Efficiency

 Credit: HST Marine

Swansea-based HST Marine, a Purus Wind company, is using Reygar’s BareFLEET technology to understand and report on the performance of its hybrid Crew Transfer Vessels (CTVs), and reduce emissions.The company currently has four hybrid CTVs in operation with three more soon to enter service, all of which have BareFLEET installed. These vessels are a mix of both controllable and fixed pitch propeller systems that take power from either a high-efficiency electric motor or the main engine…

28 Apr 2023

ABS and Seatrium Advancing Digital Technologies for Shipyards

(Image: ABS)

ABS and Seatrium are working together to advance smart digital technologies for shipyards, with a focus on boosting safety, productivity and efficiency.At Singapore Maritime Week, ABS launched detailed requirements to guide the industry in the application of smart technologies at shipyards and recognize Seatrium as the first shipyard group to deploy smart technologies in its operations, in line with the ABS Guide for Smart Technologies for Shipyards.Seatrium’s Mobile Wearable Personal Device (MWPD) Monitoring System…

20 Apr 2023

Keppel's Profit Boosted by Sale of Offshore & Marine Business

Credit: Keppel O&M

Singaporean conglomerate Keppel Corp Ltd on Thursday posted a higher net profit for the first quarter, boosted by a significant one-off gain recognized from the sale of its offshore & marine unit.In February, Sembcorp Marine completed a S$4.50 billion ($3.37 billion) buyout of Keppel's offshore & marine unit after receiving the necessary shareholder approvals.Keppel recognized a gain of S$3.3 billion and received S$500 million of cash in the first quarter following the transaction, it said.The company did not disclose a profit figure, but said that revenue for the quarter was S$2.26 billion, u

03 Apr 2023

Sembcorp Marine Proposes Name Change Following Merger with Keppel Offshore & Marine

©Sembmarine (File photo)
/AdobeStock

Singapore-based Sembcorp Marine said Monday it was proposing to change its name from “Sembcorp Marine Ltd” to “Seatrium Limited."This follows the completion of the combination of the company's businesses and Keppel Offshore & Marine Ltd on February 28, 2023, and will adopt a new branding for the enlarged entity."The proposed change of name is subject to shareholders’ approval and will not affect the identity of the Company or any of its rights and obligations, nor will it affect any of the rights of shareholders or the Group’s daily business operations and financial standing…

20 Mar 2023

Maersk Sells Supply Service to Family Holding Company for $685M

©Maersk Supply Service (file photo)

Maersk has agreed to sell its offshore marine service provider Maersk Supply Service to family-owned holding company A.P. Moller Holding for $685 million, the Danish shipping giant said in a statement on Monday.The sale marks the completion of Maersk's strategic shift that began in 2016 away from energy towards focusing on its transport and logistics business, which included selling its oil exploration and production business in 2017."It marks the completion of our initial decision to divest all energy related activities and focus on truly integrated logistics…

15 Mar 2023

First Car Carrier Bunkered with LNG in Singapore

(Photo: FueLNG)

Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) and FueLNG, a joint venture between Keppel Offshore & Marine Ltd and Shell Eastern Petroleum (Pte) Ltd, have completed the first bunkering to an LNG-fueled pure car and truck carrier (PCTC) vessel in Singapore.NYK’s Jasmine Leader, one of the largest PCTC vessels in the world, successfully completed her LNG bunkering with FueLNG Bellina on March 8, 2023.“We are delighted to have achieved the first PCTC LNG bunkering through Jasmine Leader in Singapore,” said Yuji Nishijima, Executive Officer in charge for fuel procurement of NYK.

28 Feb 2023

Singapore's Keppel Completes $3.34B Sale of Offshore Unit to Sembmarine

(Photo: Keppel Offshore & Marine)

Singapore's Keppel Corp said on Tuesday that Sembcorp Marine (Sembmarine) has completed a S$4.50 billion ($3.34 billion) buyout of its offshore & marine unit after receiving the necessary shareholder approvals. ($1 = 1.3484 Singapore dollars) (Reuters - Reporting by Jaskiran Singh in Bengaluru; Editing by Savio D'Souza)Sembcorp Marine to Buy Keppel Offshore & Marine for $3.2B, Scraps Merger Plan

01 Feb 2023

Keppel to Deliver Guyana-bound 'Mega' FPSO to SBM Offshore in 1Q

©Keppel

Singapore's Keppel Offshore & Marine said Wednesday it was on track to deliver a "mega" floating production, storage, and offloading vessel (FPSO) to SBM Offshore in the first quarter of 2023. This is the third FPSO that Keppel Shipyard is delivering to SBM Offshore and will be chartered to the consortium of ExxonMobil, CNOOC, and Hess, to operate in the Stabroek Block, offshore Guyana. The vessel was named Prosperity FPSO by Guest of Honour,  Arya Ali, the First Lady of the Co-operative Republic of Guyana at a ceremony held Wednesday at Keppel Shipyard.

23 Jan 2023

Marine Services Exec Chad Verret Starts New Consultancy

Chad Verret

Chad Verret, a former executive in the offshore marine services business, has started a new marine consultancy called Verret Marine Consulting, LLC. The Louisiana-based company has offices in the Houston area and in Morgan City, La. and will be focused on areas such as liquefied natural gas (LNG) as a marine fuel, alternative fuels and marine based liquefaction projects.Verret got his start in the offshore industry nearly 40 years ago, signing on with Tidewater Marine as a deckhand in 1985…

19 Jan 2023

Havfram Subsea Reclaims Ocean Installer Name after Offshore Wind Business Sold

Kevin Murphy, Ocean Installer's CEO  - Credit: Ocean Installer

Offshore construction company Havfram Subsea said Thursday it was taking back its Ocean Installer name.The company's subsea business was known as Ocean Installer from the company's inception in 2011, with the 2020 name change reflecting its diversification into the offshore wind industry. The relaunch follows last year's announcement of the sale of Havfram's wind business lines. "Ocean Installer's operations focus on all aspects of offshore marine construction, encompassing both the traditional oil and gas and emerging renewables markets.

09 Jan 2023

Middle East Ship Repair Yards Remain Center Stage

Asyad Dry Dock in Duqm, Oman, was previously Oman Drydock Company. Its new name reflects its ownership by Oman shipping and logistics group, Asyad. Image courtesy Asyad Dry Dock

In the 45 years since the Arab Shipbuilding & Repair Yard (ASRY) opened on reclaimed land in Bahrain, the Middle East has become one of the world’s ship repair hotspots. A broad range of shipyards now service both regional and global markets.Regional yards have a ready market, with hundreds of offshore rigs working across the region together with the service ships that support them. Then there are thousands of tankers and gas carriers that arrive each year to load energy cargoes for far-flung destinations.

21 Dec 2022

Caterpillar to Pilot Hybrid Solution on a Jackson Offshore PSV

(Photo: Jackson Offshore)

Power solutions provider Caterpillar Marine is partnering with Jackson Offshore Operators to pilot an integrated hybrid energy solution that will help the Louisiana-based offshore marine services firm reduce fuel consumption and diesel exhaust emissions on board one of its platform supply vessels (PSV), the companies announced Wednesday.The solution, which will include a new energy storage system (ESS) to compliment the vessel's existing twin 2,815 hp Caterpillar 3516C main diesel generators and twin 1…

05 Dec 2022

EnCap Backs Houston-based Firm to Build Jones Act WTIVs

©EnCap

Houston-based Bleutec Industries, a company which describes itself as the builder, owner, and operator of Jones Act-compliant offshore wind turbine installation vessels, said Thursday it had secured "a significant capital commitment" from EnCap Investments L.P.Bleutec said the support from EnCap would enable the company to develop its Jones Act wind tubine installation fleet "quickly."“Partnering with EnCap, a strategic capital provider with a strong track record facilitating portfolio company growth…

30 Aug 2022

Atlantic Wind Transfers Orders Six CTVs

Credit. Atlantic Wind Transfer

Rhode Island-based offshore wind farm crew transfer vessel company Atlantic Wind Transfers has ordered six crew transfer vessels to be built at St. Johns Ship Building in Palatka, Fla. The first two vessels, of the Chartwell Ambitious-class design, are expected to be delivered in the summer of 2023 and January 2024, with four further builds in the pipeline. The 25.2-meter aluminum catamarans will each have capacity to transport 24 personnel to and from turbines.Charles A. Donadio…

27 Oct 2022

Sembcorp Marine to Buy Keppel Offshore & Marine for $3.2B, Scraps Merger Plan

©Sembmarine (File photo)

Singapore's Sembcorp Marine (Sembmarine) scrapped a deal to merge with Keppel Corp's offshore and marine unit and form new company, in favour of directly buying the unit for S$4.50 billion ($3.19 billion), the Temasek-backed oil rig builder said on Thursday. The new structure also lowers the value of Keppel's unit by S$378 million from the S$4.87 billion valuation it got according to the terms of the previous agreement struck in April, Sembmarine said. This deal gives Sembmarine's shareholders a bigger stake –– of 46% stake…

20 Oct 2022

Severe Weather Led to Fatal Seacor Power Capsizing

(Photo: U.S. Coast Guard)

Severe winds during a thunderstorm led to a loss of stability and ultimately the capsizing of the liftboat Seacor Power, the National Transportation Safety Board (NTSB) said Tuesday during a public board meeting. Of the 19 people aboard the vessel, six died and seven are missing, presumed dead. Six people were rescued by the U.S. Coast Guard and other vessels. The Seacor Power, valued at $25 million, was a total loss.On April 13, 2021, the Seacor Power, a liftboat supporting offshore work on oil-producing platforms, capsized off the coast of Port Fourchon, Louisiana.

05 Oct 2022

Petrobras Orders 10th FPSO for Búzios Field

©Ranimiro/AdobeStock

Brazilian oil and gas company Petrobras has ordered a floating, production, storage, and offloading (FPSO) vessel from Singapore's Sembcorp Marine Rigs & Floaters.The FPSO, named P-82, will be deployed at the giant Búzios oil field, in the Santos Basin pre-salt area, offshore Brazil.Worth US$3.05 billion (S$4.25 billion) the P-82 is the largest contract secured by Sembcorp Marine from PetrobrasThe P-82 will have the capacity to produce up to 225 thousand barrels of oil per day, process up to 12 million m³of  gas per day, and store more than 1.6 million barrels.

16 Sep 2022

Allseas Founder Edward Heerema Hands Over The Reins to Son Pieter

Credit: Allseas

Edward Heerema, founder and president of the offshore installation services firm Allseas, has decided to step aside after nearly forty years at the helm. His eldest son Pieter will assume the role of president of the Allseas Group. According to Allseas, Edward Heerema will remain as chairman and concentrate on developing and integrating new technological developments. Edward Heerema launched Allseas in 1985 and has since built the company into a global offshore contractor.In a press statement announcing the change at the helm…