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Offshore Supply

Offshore Supply Vessel Market to Grow 6% by 2021

Photo: BOURBON

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


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

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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


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.


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


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


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


Maersk Supply Service to Cut Fleet, Crew

Photo: Maersk Supply Service

 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


USCG Publishes Notice on Alternate Hull Examination Program

The U.S. Coast Guard has published a notice stating that, effective August 28, 2002, the information collection requirements of the agency's recent regulation relating to the alternate hull examination program for certain U.S. passenger vessels and underwater surveys for nautical school, offshore supply, passenger, and sailing school vessels came into effect.


Wärtsilä to Replace OSV’s Generator with Batteries

Viking Princess (Photo: Wärtsilä)

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


OSM Sees Offshore Activity Uptick

Paolo Croatto (Photo: OSM)

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.  


Fourth LNG-powered OSV for Harvey Gulf

Image: 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


New Pipe Seal Simplifies Shipyard Safety

St. Johns Ship Building ensures watertight pipe penetrations in decks and bulkheads by using the Roxtec SPM seal. When building the tug Delaware, it also used the seal as vibration hanger in the compartments. (Photo: Roxtec)

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.  


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


OSV Runs Aground in US Gulf

U.S. Coast Guard photo

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


DryShips Sails Back into Tanker Market with Two Modern Vessels

Image: DryShips Inc

 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:  


Corvus to Supply Energy Storage for Hybrid Chemical Tanker

Photo: Corvus Energy

Corvus Energy Inc. has announced  that it has been selected as the supplier of the lithium ion based energy storage system (ESS) for a new hybrid chemical tanker being built for Rederiet Stenersen AS of Norway. The chemical tanker will be the first vessel of its kind to utilize an ESS


DryShips Completes $200mln Equity Investment

Pic: DryShips Inc

 DryShips has announced that it has successfully completed the previously announced $200.0 million common stock offering, in which the Company raised net proceeds of $198.0 million, pursuant to the Common Stock Purchase Agreement entered into by the Company on December 23, 2016.  


DryShips Buys First Very Large Gas Carrier

Image: DryShips Inc

 DryShips Inc., a diversified owner of ocean group cargo vessels, announced that it has acquired one Very Large Gas Carrier (VLGC) currently under construction at Hyundai Heavy Industries (HHI) for a purchase price of $83.5 million.   


DryShips Expands to Gas Carrier Market with Four New VLGCs

Image: DryShips Inc.

 DryShips Inc. has agreed to enter into a "zero cost" LPG Option Agreement with companies controlled by its Chairman and Chief Executive Officer,  George Economou, to purchase up to four high specifications Very Large Gas Carriers (VLGC) capable of carrying liquefied petroleum


Photos: Oil Platform Catches Fire in the Gulf of Mexico

(Coast Guard imagery courtesy of Coast Guard Aviation Training Center Mobile)

The U.S. Coast Guard said an oil production platform has caught fire in the Gulf of Mexico, roughly 80 miles southwest of Grand Isle, La.   The fire, which broke out aboard the Ship Shoal 266 A oil production platform at approximately 2:30 a.m


DryShips Closes New Revolving Facility from Sifnos

Image: DryShips Inc.

 DryShips Inc has signed definitive documentation with Sifnos Shareholders Inc for the previously announced refinancing of the majority of its outstanding debt under the new senior secured revolving facility.   Under the terms of the New Revolver


Dryships to Sell $200 mln of Stock to Kalani Investments

Image: DryShips Inc.

 DryShips Inc., an international owner of drybulk carriers and offshore support vessels, announced today that it has entered into an agreement with Kalani Investments Limited, an entity organized in the British Virgin Islands and that is not affiliated with the Company.   


First Norwegian Vessel to Comply with New IMO Polar Code

From left to right: Tom Karlsen, technical director Simon Møkster Shipping AS, Bernt Thoresen, Norwegian Hull Club, Bodil Pedersen Senior advisor, Norwegian Maritime Authority, Anne Jorunn Møkster, Chief Executive Officer and Managing Director, Simon Møkster Shipping AS, Jon Rysst, Senior Vice President and Regional manager, DNV GL – Maritime. Photo: DNV GL

 After a successful approval process and survey, DNV GL and the Norwegian Maritime Directorate have issued the first polar ship certificate to the Norwegian platform survey vessel M/V Stril Polar owned by Simon Møkster Shipping AS.  






 
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