Offshore Service News

The outlook for the offshore support vessel (OSV) business has brightened considerably since the dark days of the previous decade and is possibly in a “Goldilocks moment” — not too weak and not too strong. While strengthening, it has not yet reached the point of significant new vessel ordering. Paradoxically, across maritime markets, observers are often concerned when exuberance gets out of hand. For now, newbuild activity remains limited.On the Q3 2025 earnings call for listed company Tidewater (NYSE: TDW)…

KESTO, a joint venture between Denmark’s ESVAGT and South Korea’s KMC Line, has secured its first contracts to provide offshore service logistics for Vestas at the Shinan-Ui offshore wind farm in South Korea.From 2028 and for a minimum period of 10 years, KESTO will provide vessels to support Vestas’ service scope at the Shinan-Ui project. KESTO will begin servicing Vestas during the construction phase and will continue to deliver service operations once the wind farm becomes operational…

When we interviewed Saronic Co-Founder and CEO Dino Mavrookas late last year, he insisted that Saronic's mission was to deliver commercially viable autonomous vessels first, and in turn parlay that into a ready package for defense. That vision comes to fruition as Saronic announced a partnership with Hornbeck Offshore Services, Inc. (HOS), to accelerate innovation and deployment of autonomous platforms, advanced software, and maritime solutions to the markets HOS serves. Specifically…

Francbord, a new Breton industrial group resulting from the evolution of the Ecomer group, announced its merger with the SME Enag, strengthening the group's position as a supplier of technological solutions dedicated to the maritime sector and industry.This operation was made possible thanks to a new fundraising initiative by the maritime sector decarbonization fund managed by Bpifrance, Unexo, a subsidiary of Crédit Agricole, Go Capital, and the Mer Invest fund, a subsidiary…

Eastern Shipbuilding Group (ESG) completed and redelivered HOS Rocinante, a first-of-its-kind U.S.-flagged Service Operation Vessel (SOV) converted for Hornbeck Offshore Services.The vessel marks a milestone in the evolution of the U.S. offshore service fleet to be future-ready for both the offshore wind and petro-energy sector demands for broadly capable marine support vessels.Originally built by ESG as an offshore supply vessel, HOS Rocinante unerwent extensive conversion at ESG’s Allanton and Port St Joe Shipyards in Panama City…

As oil exploration and production goes, so goes the market for Offshore Service Vessels (OSVs) and Platform Supply Vessels (PSVs). Throughout 2025, the prices of oil- which drives exploration and production (E & P), have softened, moving down towards $60/barrel amidst economic uncertainty and a wider than anticipated opening of the taps by major oil producers. In the past year, the Baker Hughes overall count of U.S. rigs working has declined. September 2025’s U.S. Rig count of…

Offshore service provider OS Energy has adopted Sonardyne’s SPRINT-Nav DP dynamic positioning (DP) reference system to support its marine renewable energy projects in the North and Baltic Seas. SPRINT-Nav DP will enable OS Energy to maintain DP integrity, even in shallow water and GNSS-compromised environments that are increasingly characteristic of offshore wind construction and maintenance activities. Housed within a single, pre-calibrated unit, the easy to integrate system allows operators ride out GNSS disruption, maintaining safety, accuracy and DP certification.

Offshore crew transfer company Windcat has taken delivery of the Windcat Rotterdam, the first Commissioning Service Operation Vessel (CSOV) in its new Elevation Series, developed with Damen Shipyards and CMB.TECH.Built at Ha Long Shipyard in Vietnam, the 89-metre vessel marks a milestone in the company’s expansion from crew transfer operations into larger offshore service capabilities. The Windcat Rotterdam can accommodate up to 120 people and is designed to support construction…

The United States has everything it needs to lead in offshore carbon capture and storage (CCS), except the rules to make it happen.Nearly four years ago, Congress gave the Department of the Interior authority to oversee offshore carbon sequestration. The Infrastructure Investment and Jobs Act (IIJA) of 2021 amended the Outer Continental Shelf Lands Act (OCSLA) to authorize competitive leasing and regulation of carbon dioxide injection into subsea formations on the U.S. Outer Continental Shelf (OCS).

Bernhard Schulte Offshore announced the delivery of its latest Commissioning Service Operation Vessel (CSOV) from Ulstein Verft in Norway. The newbuilding, which was christened ‘Windea Curie’ on June 26, is now being deployed for the charterer TenneT, an offshore transmission system operator in the European Union, to support its offshore grid connection facilities in the North Sea.‘Windea Curie’, which utilizes Ulstein’s TWIN X-STERN design, features two sterns and azimuth propellers located at both fore and aft…

The final inter-array cable has been installed at Îles d’Yeu and Noirmoutier (EMYN) offshore wind farm in France, being developed by Les Éoliennes en Mer Services.The 61st and final inter-array cable was installed on June 22 at the EMYN offshore wind farm, Louis Dreyfus TravOcean said on social media.The accomplishment paves the way for a transmission capacity of 512 MW.Geoquip Marine’s Geoquip Elena, converted into a Cable Laying Vessel (CLV) with a bespoke project-specific deck layout used in the operation…

Northern Offshore Services (N-O-S) has taken delivery of the world’s first 100% biomethanol-powered crew transfer vessel (CTV), chartered by Vestas.M/V Transporter, designed, developed and provided by N-O-S, is a conversion from A-Class to T-class.The vessel is a 25-meter, high-speed catamaran with an updated and improved hull design, 24 pax seating, specially designed for fast and reliable transfer of technicians and light cargo.The initiative is in collaboration with Vestas…

In the last decade, changing U.S. Administrations have become increasingly tumultuous, as the swings in priorities and directives have a real, material impact on business. Read on for insights on the current and future of U.S. Offshore Wind.In the weeks preceding his late January inauguration, then President-elect Donald Trump referred to wind turbines (both onshore and offshore) as “garbage in a field” and described electric power produced through offshore wind as “…the most expensive energy ever…”In the same briefing…

Kongsberg Maritime has secured a contract for the design and integrated equipment package for a new walk-to-work offshore service vessel (OSV), to be built by ST Engineering Marine in Singapore for an oil and gas company.The 97-metre vessel of Kongsberg Maritime UT 5520 design will accommodate 106 people and features a motion-compensated gangway to enable safe transfer of personnel between to and from offshore installations.The new design is a further development of Kongsberg Maritime’s extensive range of vessel types for the offshore energy market.It builds on recent experience with the succe

Watson Farley & Williams (‘WFW’) advised Eurazeo, acting as lead investor via its Eurazeo Transition Infrastructure Fund, on a $73m investment in new offshore service vessel platform MPC OSE Offshore. The platform, a joint venture between MPC Capital and O.S. Energy, helps develop, build, and manage service support vessels for offshore wind farms. The consortium of investors comprised the European family office and others in addition to Eurazeo.A leading European investment group with $37bn AUM, Eurazeo supports 600+ mid-market companies across Europe, Asia, and the United States.MPC Capital is a global investment and asset manager with $5bn AUM specializing in transport…

U.K.-based offshore wind crew transfer vessel (CTV) owner Tidal Transit has secured equity financing from maritime and logistics investor HICO Investment Group to expand its fleet with six new electric CTVs (E-CTVs).The strategic expansion is a direct response to growing demand for zero-emission CTV solutions from offshore wind operations, according to Tidal Transit.The six newbuilds, to be delivered from 2026, will complement Tidal Transit’s existing fleet of electric CTV’s.

The ocean sector finds itself in a critical moment, especially as the demand to decarbonize grows. Though long-haul is still the biggest emitter in the maritime industry, the need to decarbonize smaller commercial and coastal vessels, including cruise ships, passenger ferries, platform supply vessels (PSVs), offshore service vessels (OSVs), and research ships, is on the rise. Particularly, passenger ferries are pushing into uncharted waters, increasingly being scrutinized by municipal, state, and federal regulators for their environmental impact.

Damen Shipyards Cape Town has delivered an FCS 3307 patrol vessel to Homeland Integrated Offshore Service (Homeland IOSL) in Nigeria.This vessel, on charter with an international energy company, will perform offshore patrol duties to enhance the security of personnel, assets, and the environment in Nigerian maritime territories.This delivery marks the tenth Damen vessel to join the Homeland fleet, reflecting ongoing fleet expansion efforts.The FCS 3307 Patrol is equipped with Damen’s advanced Sea Axe hull technology…

Timo Vesala, Account Manager, Americas, at ABB Marine & Ports, is responsible for newbuild sales in the Americas market. Since joining ABB in 2018, he has gathered extensive experience in the marine industry with a focus on electrification and propulsion systems. He holds a Master’s Degree in Mechanical Engineering from Aalto University, Finland, and has a passion for clean technology and maritime decarbonization. This month, in our annual Power & Propulsion edition, he weighs…

The Coast Guard announced it accepted ownership of the motor vessel Aiviq, a 360-foot polar class 3-equivalent icebreaker, from an Edison Chouest Offshore subsidiary Friday.The vessel, acquired Dec. 11, will enhance U.S. operational presence in the Arctic and support Coast Guard missions while awaiting delivery of the Polar Security Cutter (PSC) class.Upon commissioning, the ship will be renamed Coast Guard Cutter Storis (WAGB 21), marking the second cutter to bear that name. The original Storis, known as the “Galloping Ghost of the Alaskan Coast,” had a storied history conducting icebreaking operations in Alaska and the Arctic.“This acquisition is a vital step in increasing our operational presence in the Arctic,” said Adm. Linda Fagan, commandant of the Coast Guard.

After what we would argue has been an incredibly eventful 2024 with massive deals, tremendous dayrate developments, further charterer backlog build, and the first series of newbuild orders in years, now comes the time when we turn our gaze towards 2025. What are some of the main trends we expect for next year, and how do we see the continuation of today's developments impact the year to come. Overall, we find continued strides for the better in the offshore support market although we foresee an industry that will not fire on all cylinders…

Marine safety solutions provider VIKING Life-Saving Equipment and firefighting systems supplier FAIN have signed an exclusive worldwide agreement for VIKING to provide certified services for marine fire systems and equipment delivered and installed by FAIN.FAIN supplies the full spectrum of firefighting systems for marine use, including CO2, foam, DP, water-mist, sprinkler, alternative gases and more.Headquartered in Yangsan, South Korea, the company is a major supplier to shipyards in China…

Norwegian offshore supply vessel company DOF Group has concluded the acquisition of Denmark-based Maersk Supply Service, which will be renamed to DOF Denmark.The combined company is expected to become one of the leading offshore service provider with comprehensive scale and a wide range of services across all continents in the offshore energy industries.The deal will see DOF's fleet grow to 78 modern offshore/subsea vessels, including 65 owned, with the addition of Maersk Supply Service's 22 vessels…