Offshore Supply Vessel Market to Grow 6% by 2021
The global offshore supply vessel market is forecasted to grow at a CAGR of 6.03 percent during 2016 – 2021, according to Azoth Analytics research report. The growth in offshore supply vessels is expectect to be driven by rise in demand for oil and gas globally, increase in offshore drilling activities and growth in production and exploration activities. Moreover, companies operating in this market are focusing on investments in R&D for continuous innovation and strengthening their positions in the market by targeted acquisitions and product expansions. Bourbon, Tidewater Inc., Maersk Supply Services, Edison Chouest Offshore, SIEM offshore Inc., Farstad Shipping ASA are the major players in the market. Demand for AHTS vessels is projected to display a faster growth than PSV and other vessels. The surging demand for floating production systems coupled with movement towards deeper water basins are some of the major trends affecting the growth of the said market in the near future. Among the regions, the South American region is predicted to advance at the highest rate, mainly driven by the rich unexplored hydrocarbon reserves as well as rise in the offshore drilling activities.
Strachans Launches Alternative to Refrigerated Containers
Strachans, a specialist distributor of food and chandlery supplies to the offshore and marine industry, announced the pilot of a new container capable of maintaining product integrity for up to four days. The Strachans icebox uses a eutectic system, whereby eutectic beams full of gel are connected to a power supply that charges them down to temperatures far lower than the product prior to leaving the ship supplier’s warehouse
Aker Yards to build AHTS for NorSkan Offshore
Aker Yards has been awarded a contract worth approximately $47.5 million by NorSkan Offshore Ltda., Brazil, to build an Anchor Handling Tug Supply (AHTS) vessel. Delivery is scheduled for April 2007. NorSkan Offshore is an offshore supply vessel company owned by Solstad Offshore ASA and DOF ASA in Norway on a 50/50 basis, and is focusing on the strong Brazilian offshore vessel market.
Edison Chouest Buys Florida Shipbuilder
According to the Daily Comet, Edison Chouest Offshore has confirmed that it is starting a new shipbuilding operation in Tampa. The Galliano-based ship builder will take over a lease formerly held by the Tampa Shipbuilding and Repair Company. The property is owned by the Bender Group of Mobile, Ala. Chouest plans to build offshore supply boats and other vessels, but terms of the deal were not disclosed. (Source: Daily
ABB Wins Orders Worth $30m
ABB, a power and automation technology group, has won orders worth $30m for electric propulsion, power generation and power distribution systems that maximize the fuel efficiency of offshore supply vessels to be built in China. ABB will provide an integrated electric propulsion solution for each of the vessels. The equipment, including generators, switchgear, transformers, drives and motors, will be delivered to the Fujian Mawei Shipyard on the southeast coast in 2010 and 2011
Offshore Crewman Medevaced after Severing Foot
A U.S. Coast Guard aircrew medevaced a 27-year-old man from an offshore supply vessel five miles off Louisiana, Thursday. The captain of the offshore supply vessel Miss Aubrey Ann contacted watchstanders at Coast Guard Sector Houston-Galveston at approximately 4 p.m., reporting that a crewmember severed his foot after getting it caught in a line. An Air Station Houston aircrew aboard an MH-65 Dolphin helicopter medevaced the man to the Lake Charles Memorial Hospital, in stable condition
ABG Shipyard Delivers Two Vessels
ABG Shipyard Ltd has announced that the company has delivered two vessels. The 173 ft. long, 90 Ton Bollard Pull Azimuth Drive Propulsion AHTS is able to carry out Anchor handling Towing Rescue, Offshore Supply, Transport Pipes, fresh water, diesel oil, Stores, Materials and equipment, move men and materials between platforms and shore, external fire fighting and other related duties. The vessel is to supply, support the Floating Production Offloading Storage (FPSO) vessels
Alternative Hull Examination for Certain Vessels
The U.S. Coast Guard has issued an interim rule establishing an alternative hull examination program for certain passenger vessels. Nautical school, offshore supply, passenger, and sailing school vessels will have the option of alternating drydock examinations with underwater surveys. These vessels will also have additional latitude in scheduling inspections. The interim rule comes into effect on June 28, 2002
Bourbon, Tanjung Discussing OSV Part Ownership Deal
Malaysian Group Tanjung Offshore Berhard and Bourbon Far East Pte. Ltd. have entered exclusive discussions for the sale of 51% ownership of nine Bourbon Offshore Supply Vessels (OSVs) operating in Malaysia. In parallel, Tanjung has invited Bourbon to become a shareholder in their company. Both parties are actively reviewing the proposed transaction and a final decision will be made within the coming months. bourbon-online.com
Maersk Supply Service to Cut Fleet, Crew
The AP Moller-Maersk Group subsidiary Maersk Supply Service,, which is part of the "fifth leg" in the light blue conglomerate, is divesting up to 20 vessels over the coming 18 months and reducing its crew pool by 400 offshore positions. The divestment plan is a response to vessels in lay-up, limited trading opportunities and the global over-supply of offshore supply ships. The first ten vessels are expected to exit the fleet in 2016
SEACOR Chooses Kongsberg Hybrid Power Solutions
Hybrid power can decrease SEACOR Maya’s CO2, NOx and SOx emissions A new integrated ‘Full Picture’ technology delivery is set to enable significant operational efficiencies for the MEXMAR owned Platform Supply Vessel (PSV), SEACOR Maya. Mantenimiento Express Marítimo SAPI de CV (MEXMAR) is SEACOR Marine’s joint venture in Mexico, which operates 15 offshore supply vessels. The contract, signed this September for delivery in January 2018
Falck Safety Services, Simwave Partner on Training
Falck Safety Services and Simwave are joining forces to serve the maritime and oil and gas industries with combined simulation and practical training. For more than 30 years, Falck Safety Services has offered safety training for the offshore, maritime and wind industries. On November 8th, Simwave will open its doors to the most advanced maritime simulator center in the world. This co-operation means that customers will be able to undertake simulation training at Simwave to complement
Hybrid Energy Storage Solution Installed on Viking Princess
Wärtsilä said it completed the installation of a hybrid energy system on board offshore supply vessel (OSV) Viking Princess. The Norwegian vessel is now the first ever OSV in which batteries reduce the number of generators aboard the ship. The new energy storage solution will improve engine efficiency, generate fuel savings and reduce greenhouse gas emissions. Viking Princess completed sea trials and the system was handed over to customer Eidesvik Offshore on
Rigdon Named Interim CEO at Tidewater
Larry T. Rigdon will serve as interim president and chief executive officer (CEO) of Tidewater Inc. while a search committee seeks a permanent successor to Jeffrey M. Platt, who has elected to retire from his role as director, president and CEO of offshore service vessels (OSV) owner and operator effective October 15, 2017. “Having successfully completed the financial restructuring of Tidewater at the end of July
DryShips Sails Back into Tanker Market with Two Modern Vessels
Greek owner of drybulk carriers DryShips Inc. has announced that it is re-entering the tanker shipping market as it agreed to purchase an Aframax tanker and a very large crude carrier (VLCC). DryShips has entered into agreements with unaffiliated third parties to acquire: - One 113,644 DWT Aframax tanker currently under construction in South Korea. The Company expects to take delivery of this vessel sometime in the second quarter of 2017
OSV Runs Aground in US Gulf
An offshore supply vessel has run aground off the west Cameron Jetties in Louisiana, Wednesday morning. There were no injuries to the four passengers and three crew aboard the vessel, and no pollution was reported. The 120-foot offshore supply vessel Miss Lynda was carrying construction cargo and had 4,300 gallons of fuel and 100 gallons of oil products aboard at the time of the incident.
OSV Crewman Medevaced off Texas
An ailing crew member aboard an offshore supply vessel (OSV) was medevaced 14 miles off the Texas Point Wildlife Refuge, Wednesday morning. At approximately 7:45 a.m., U.S. Coast Guard watchstanders received a report from the 120-foot vessel, Poppa John, stating a crewmember fell and broke a leg and an arm and was experiencing extreme pain. Watchstanders launched a 45-foot response boat crew with an EMT aboard to meet the vessel as it got closer to shore.
New Pipe Seal Simplifies Shipyard Safety
St. Johns Ship Building Inc. in Palatka, Fla. ensures watertight pipe penetrations in decks and bulkheads by using the Roxtec SPM seal. When building the tug Delaware, the shipyard also used the seal as vibration hanger in the compartments. “Roxtec seals have greatly simplified our pipe installations,” said pipe manager William Mann. “Where I once needed three people to weld and provide fire watch, now I only need one.”
Fourth LNG-powered OSV for Harvey Gulf
Harvey Gulf International Marine said it has accepted delivery of its fourth liquefied natural gas (LNG) powered offshore supply vessel (OSV). The M/V Harvey Freedom, built at Gulf Coast Shipyard Group in Gulfport, Miss. is 310’ x 64’ x 24.5’, U.S. Flagged Subchapter I and L, SOLAS compliant and capable of carrying 253,000 USG of fuel oil, 18,000 bbls of liquid mud, 1,600 bbls of methanol, 10,250ft3 of dry cement and 78,000 USG of LNG fuel.
OSM Sees Offshore Activity Uptick
OSM: eight offshore vessels taken over and more than 200 crew positions added since January 2017 The offshore supply industry is largely in turmoil, staring down issues with overcapacity, lay-ups, layoffs, industry restructuring and asset speculation happening on a broad scale. OSM, a Norway based third-party management provider in the maritime industry, said it saw an increased number of vessels laid-up in 2016 with a reduction in the available offshore crew positions
Wärtsilä to Replace OSV’s Generator with Batteries
Wärtsilä informs it has signed an agreement with Norway’s Eidesvik Offshore to install a hybrid system with batteries on board of its offshore supply vessel (OSV) Viking Princess. Batteries will reduce the number of generators on board Viking Princess, and the new energy storage solution will improve engine efficiency, generating fuel savings and reducing greenhouse gas emissions, Wärtsilä said.
New MTU Engines Make Their Debut
At the international maritime exhibition Nor-Shipping in Oslo from May 30 to June 2 2017, MTU, part of Rolls-Royce Power Systems, presented its propulsion and systems portfolio, primarily for offshore supply vessels, workboats and ferries. This included Series 2000, 4000 and 8000 propulsion engines in an output range from 400 to 10,000 kW, hybrid propulsion solutions and diesel electric propulsion systems and diesel gensets for the supply of on-board power.
BIMCO Updates SUPPLYTIME for Offshore Charters
Now in its fourth edition, BIMCO’s best-selling contract has been updated to reflect contemporary shipping practice and legal developments in the offshore sector. It has a purer knock for knock liability regime and is more neutrally balanced than its predecessor. The first edition of SUPPLYTIME appeared in 1975. It was developed to meet the demand for specialist support vessels to serve a rapidly growing offshore oil and gas exploration and production industry
Voith Completes First Major Marine Overhaul at New UK Facility
Voith Turbo, a manufacturer of a wide range of products for the marine industry, said it has completed its first major refurbishment project in a brand new U.K. facility. The complete overhaul of a 26-metric-ton Voith Schneider Propeller (VSP) has been carried out for Red Funnel, the Isle of Wight ferry company based in Southampton, at Voith’s Croydon workshop. The refurbishment follows Voith’s investment in specially designed jigs, fixtures
Marlink Re-launches Sealink C-band VSAT Service
Marlink has re-launched its Sealink C-band VSAT service, this time introducing new price and service plans, enabling easier integration with existing and future Ka and Ku-band VSAT services. According to Marlink, the upgrade gives Sealink C-band VSAT users more flexibility to add alternative VSAT frequencies to their network in order to ensure availability of high-speed critical business and operational applications globally.