Vessels Osvs News

U.S. offshore vessel owner Hornbeck Offshore Services said Monday it had has acquired three high-spec new generation offshore supply vessels ("OSVs") from the U.S. Department of Transportation's Maritime Administration ("MARAD") for an undisclosed amount of cash. All three of the vessels that were acquired at auction are U.S.-flagged, Jones Act-qualified, 280 class DP-2 OSVs with capacities of circa 4,600 DWT. Upon taking physical delivery of the vessels from MARAD, the company expects to conduct reactivation and regulatory drydockings of all three vessels…

U.S.-based offshore vessel owner Hornbeck Offshore Services has agreed to acquire ten high-spec new generation offshore supply vessels ("OSVs") from Edison Chouest Offshore affiliates.Eight of the vessels are U.S.-flagged, Jones Act-qualified, 280 class DP-2 OSVs with capacities of circa 4,750 DWT. The other two vessels are Mexican-flagged 240 class DP-2 OSVs with capacities of circa 3,200 DWT. Upon completion of regulatory drydockings to be conducted by the Edison Chouest Offshore affiliates…

While 2020 proved to be a challenging year for offshore oil and gas markets, the same cannot be said about offshore renewables, which saw substantial growth."It is expected that a number of offshore support vessels (“OSVs”) and crew boats will be redeployed from the offshore oil and gas sector to service the offshore wind industry and that existing offshore wind installation vessels will be upgraded as turbines continue to scale up."Offshore renewable projects achieved an estimated record project sanctioning of US$56bn…

As the maritime community collectively fights to reduce emissions, RightShip and Pilbara Ports Authority have developed a pilot program that allows ports around the world to review their emissions profiles and develop management strategies. After partnering with The Australian Marine Environment Protection Association (AUSMEPA), and winning a $250,000 Google Impact grant in 2016, RightShip and AUSMEPA have developed a Maritime Emissions Portal (MEP), which will provide leading emissions inventory data to ports around the world.Available now for commercial use…

Vice President and General Manager of Fincantieri Bay Shipbuilding, Todd Thayse, has 34 years of experience in the maritime construction and repair industry, working with clients from all over the world as well as vendors and suppliers from the Great Lakes region and beyond. He has an extensive background in manufacturing production, material procurement, strategic planning, estimating, budgeting, labor negotiations, mergers and acquisitions as well as scheduling for both the commercial and governmental shipbuilding industries. He has overseen projects that have produced U.S.

Norway's offshore service vessels (OSVs) supplier Solstad Offshore and its creditors have agreed on a draft restructuring plan, which includes converting 10 billion crowns ($962.17 million) of debt into equity, the company said on Tuesday.The large majority of stakeholders, including secured lenders, leasing companies, industrial shareholders and key bondholders plan to sign a binding agreement by the end of April, the Oslo-listed firm added in a statement."We are entering a period…

The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown – whether cyclical or induced by a trade war – have weighed heavily on oil prices, even in the face of reduced production by the big producers. Though storm clouds persist, there appears a clearing on the horizon.The fate of Offshore Service Vessels (OSVs) is, naturally, closely tied to the price of oil. Seacor Marine’s John Gellert, in reviewing its Q2 results, said: “Activity levels in the U.S.

Marine services firm Bourbon has signed a contract committing more than 100 offshore support vessels (OSVs) to Inmarsat’s Fleet Xpress, the maritime broadband service that combines the speed of Ka-band with continuous back up from Inmarsat’s FleetBroadband operating on L-band.The deal represents a breakthrough offshore contract for Fleet Xpress, which is already installed on some 7,000 vessels - mainly seagoing merchant ships, the company said.“This contract is substantial in…

Marine diesel power specialist Royston reports that it is working with a number of international oil companies (IOCs) operating in Malaysia to equip oilfield supply contract vessels (OSVs) with specialist electronic fuel management systems.In recent months, the installation of nine enginei EFMS have been completed on Malaysian OSVs for three different IOCs and this number will continue to rise with the advanced system being included in the vessel contracting requirements for a number of other oilfield majors.As part of the installations…

Saudi Arabia’s Rawabi Vallianz Offshore Services  (RVOS) has contracted Netherlands-based Praxis Automation Technology to deliver dynamic positioning systems for its fleet of offshore support vessels (OSVs) operating out of the country. RVOS, joint venture company between Rawabi Holding and Vallianz Holdings Limited of Singapore, said that the contract includes the retrofit of 14 ships with a Praxis Automation Class 2 Dynamic Positioning (DP) system, including the integration to the ship’s power distribution system and control systems.Jerome Lin, Commercial Director at Praxis Automation Far East in Singapore said that Praxis DP system is designed to be an accurate…

Green Award certification program has been extended with a new ship type – Offshore Supply vessels (OSVs). The first ship of this type the ‘’Lingestroom’’ has been successfully certified.The Lingestroom, one of the ships of Van Wijngaarden Marine Services B.V. received a Green Award certificate on 26 February, 2019. The Lingestroom has become the first Offshore Supply ship after Green Award, a certification and incentive program for shipping, had introduced certification for this type of vessels.The certificate was presented by Jan Fransen, executive director of Green Award to congratulate Van Wijngaarden Marine Services B.V. with pioneering Green Award certification for Offshore Supply ships.The certification programme for Offshore Supply ships was launched in the first quarter of 2019.

Last week, the National Offshore Safety Advisory Committee (NOSAC) overwhelmingly approved recommendations that the U.S. Coast Guard (USCG) remove the hinderances that prevented U.S. energy-industry vessels, from assisting Puerto Rico with recovery efforts after Hurricane Maria.The offshore energy industry is serviced by highly specialized vessels. Offshore supply vessels (OSVs) have large open decks to carry cargo to offshore rigs. OSVs typically also have massive internal tanks to carry and pump water, drilling mud, or fuel to offshore facilities.

The offshore energy sector, like any industry, is constantly subject to market cycles. Challenging conditions may lower demand, resulting in a significant number of resources such as offshore support vessels (OSVs) and drillships being deactivated for potentially extended periods. Over time, however, cycles reverse and demand increases for these same assets.Operators reduced expenditures on offshore exploration and production activities, with a subsequent lower demand for these offshore assets, many of which were ultimately deactivated and laid-up (or “stacked”) for extended periods.

Rules regarding 'Employment of Non-U.S. Credentialed Personnel On board Certain U.S.-Documented Vessels' defined.An analysis of recent arrival notifications has revealed several cases of U.S.-documented vessels calling on U.S. ports with non-U.S. credentialed personnel in lieu of U.S. citizens. The intent of this MSIB is to provide information and guidance regarding the provisions for employment of non-U.S. credentialed personnel on board certain U.S. documented vessels. Please…

International Maritime Organization (IMO) fuel rules entering force in 2020 mandate a drastic sulfur reduction. By 2050 the mandate is to cut greenhouse gas emissions of shipping by at least 50 percent.Marine fuels, lubricants and additives manufacturers play their part in establishing maritime’s green credentials by introducing new environmentally acceptable technologies and products.The shipping industry is more than ever portrayed in a bad light due to increasing awareness of its contribution to global climate change, according to Dirk Kronmeijer, CEO of GoodFuels Marine.

As the severity of the offshore energy downturn has increased and the likelihood of older vessels returning to work begins to diminish, owners have slowly come round to the importance of scrapping these vessels. According to VesselsValue, U.S. owners might be leading the way.According to VesselsValue, an online valuation and market intelligence service for the maritime and offshore sectors, in this current period of downturn, critics of offshore shipowners will say that owners have been guilty of not scrapping older tonnage in order to maintain a young and advanced fleet.

The cost of renting offshore supply vessels (OSVs), servicing oil and gas firms, will continue to rise as many ships that were mothballed up during the downturn will not return to the market, the chief executive of Norway's DOF said on Wednesday. A number of offshore vessel companies went bankrupt after oil prices plunged between 2014 and 2016, or were forced to merge with competitors to survive as oil companies cut spending for exploration and new developments. But the rates for hiring specialized vessels, which include platform supply (PSV), diving support (DSV) and anchor-handling vessels (AHTS), have increased in the last year. While the North Sea has been leading the increase in demand for OSVs…

Inmarsat said it has launched a new set of Fleet Xpress plans designed specifically to meet the technical and commercial requirements of offshore support vessels (OSVs). According to Inmarsat , the new plan exploits high-speed connections and guaranteed performance to offer vessel operators levels of flexibility that are naturally suited to the demanding requirements of a high-end sector such as offshore support. As connectivity needs on board OSVs change frequently and swings in data usage are likely to be more pronounced than for conventional cargo ships…

Wärtsilä is launching its new Wärtsilä WTT-40 transverse thruster. The first WTT-40's have been ordered and are scheduled for delivery during 2016. This first variant is part of Wärtsilä's new transverse thruster series and features a 4000 kW power level and a 3400 mm diameter controllable pitch propeller, neither of which have been available in Wärtsilä's current product range. While Wärtsilä has designed and built large, up to 5500 kW, transverse thrusters as customised versions, the WTT-40 and others in the WTT range address customer needs for  high power transverse thrusters for bow and stern applications. Development work on the Wärtsilä WTT-40 began in 2015 in response to market demand.

Danelec Marine, along with distribution partner Elcome International, is to supply Danelec DM100 Voyage Data Recorders (VDRs) for 14 ships in the Middle East.   The new VDR orders include seven new offshore support vessels (OSVs) and five tanker retrofits for an oil and ga companies based in Abu Dhabi. In addition, Elcome has recently completed retrofit of Danelec DM100 VDRs on two tankers of a major Danish shipping company.   Introduced in 2014, Danelec Marine’s DM100 VDR complies with all the latest IMO and IEC performance standards, and incorporates Danelec’s exclusive SoftWare Advanced Protection (SWAP) technology for ease of shipboard service as well as built-in cyber protection technology.

Around 1,300 offshore support vessels lying idle worldwide. Not everyone in shipping is bemoaning the industry's worst crisis in living memory: a cluster of companies that help preserve equipment and provide security for vessels parked around southeast Asia are busier than they have been for years. A popular lay-up anchorage near Indonesia's Batam island, a short hop from Singapore, is growing crowded, and firms such as Ocean Shipcare and Brubay Shipcare are running out of space at another at Brunei Bay, near Labuan, off northern Borneo. "Where do we go next? It's a good question, because we are trying to explore some other areas also," said Kanen Senasendram, base manager at Ocean Shipcare, which operates in Brunei Bay. He says he may need to hire more staff.

Global LNG Bunkering market is expected to grow from $248.64 million in 2016 to reach $8187.35 million by 2023 with a CAGR of 64.7%. According to Stratistics MRC, growing marine logistic business, cost efficient LNG products, and imposing environmental regulations on chemical emissions are some of the factors bolstering the market growth. In addition, easy deployment facility is another factor fuelling the market growth. However, higher capital investments, poor bunkering infrastructure are the factors inhibiting the market growth. Offshore Support Vessels (OSVs) segment is anticipated to be the largest market for the global LNG Bunkering market during the forecast period. The growth is attributed to feasible operations during shipping and loading.

I recently read a story in The New Yorker – but that sounds more intellectual than what really happened, let me start over. I recently clicked a link on Facebook, which sought to explain why the term “Fake News” has become so popular. The article claimed that facts no longer matter to the average voter. As evidence (yes, the article explaining why facts don’t matter included evidence), it detailed a study whereby the subjects had been given false information, then were asked to make a choice between two options.