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Offshore Supply Vessel

Cargotec Receives $75.2m in Orders

Cargotec’s MacGREGOR business area providing marine cargo handling solutions has received significant offshore equipment orders. The equipment will be delivered during 2008–2010 and the value of the orders exceeds EUR 55 million. The orders include an order for anchor-handling and mooring winches delivered for Chinese shipyard Yangzhou Dayang. The shipyard is building 32 offshore supply vessels that will be delivered for French shipowner Bourbon. The other orders include several orders for a total of 23 knuckle boom offshore cranes. The cranes will be delivered for 11 offshore supply vessels which will be built in several shipyards in Europe, USA and India. MacGREGOR established in June a new division MacGREGOR Offshore. The division consists of Norwegian Hydramarine and Singaporean MacGREGOR Plimsoll, which were acquired in the spring of 2007. MacGREGOR’s Offshore division employs more than 700 people while the total number of MacGREGOR personnel is approximately 2,000.


A&P Tyne & Stirling Shipmanagement Renew Agreement

A&P Tyne has announced its new ship repair agreement with offshore supply vessel specialist Stirling Shipmanagement, Glasgow, part of the Seacor Group. The agreement is an extension of the original Heads of Agreement between A&P and Stirling Shipmanagement for the dry dock and repair of Stirling vessels operating within the UK sector, for a further year. A&P Tyne successfully carried out dry dockings/repairs to a total of nine (9) Stirling vessels during last year (2001) including the


Baker Joins EBDG

Elliott Bay Design Group is pleased to announce that Gwen Baker has joined the staff as a Marine Designer. Gwen is a recent graduate of the Marine Institute at Memorial University in New Foundland, where she received her Diploma of Technology in Naval Architecture. For her first project, Gwen will be preparing 3-D composite modeling for the 260 ft. offshore supply vessel that the firm has been working on for Hornbeck Offshore Services.


DryShips Buys Nautilus Stake, Adds Six OSVs

Photo by DryShips Inc

 Greek ship owner DryShips plans to add six support vessels to its fleet by acquiring a large stake in Nautilus Offshore Services.    Dry bulk shipowner DryShips has entered into an agreement to acquire approximately 98% of Nautilus OffShore Services Inc.  for a purchase price of $87 million plus the assumption of approximately $33 million of net debt.   Nautilus indirectly through its subsidiaries owns six Offshore Supply Vessels of which four are Oil Spill


IMCA Publishes Guidelines for DP OSV Safe Operations

Photo: IMCA

Reliable and robust methods of positioning are required for safe vessel operations in close proximity to offshore installations. Dynamic positioning (DP) is well-established as a primary method of vessel positioning in the diving, drilling, construction, accommodation and shuttle tanker sectors, and is especially suited to deep-water developments. As development and management of DP becomes more refined, increasingly logistics support vessels are becoming equipped with DP systems with


NG Supplies Nav Systems for Brazil OSVs

Northrop Grumman Corporation's (NYSE:NOC) Sperry Marine business unit has been awarded contracts to supply bridge navigation systems for four new offshore supply vessels to be built in Brazil. The four multipurpose platform supply vessels, designed by Rolls-Royce, will be built at the Estaleiro Alianca shipyard near Rio de Janeiro for Companhia Brasileira de Offshore (CBO). They will be placed on long-term charter with Petrobras, the Brazilian state oil company


Farstad Shipping Buys BASS Solution

BASS announced an agreement with Farstad Shipping ASA, a Norwegian shipping company globally operating Offshore Supply Vessels (OSV), to provide Farstad's entire fleet with BASS CrewNet and BASS PayNet solutions. BASS PayNet is designed to streamline and integrate the management of ship-to-shore crew payroll and shipboard accounting processes. BASS PayNet functionalities and business re-engineering enables users to capitalize on opportunities to reduce the workload on the vessel and on shore


VT Halter Marine Secures OSV Contract

Vision Technologies Systems, Inc.'s (VTS) subsidiary, VT Halter Marine, Inc. has secured a contract to build an Offshore Supply Vessel (OSV) for an undisclosed interest. The contract includes options for six additional vessels. This announcement comes within days of VTS concluding the purchase of Halter Marine’s assets. John Coburn, Chairman and CEO, VTS stated, “Commercial contracts such as this one are an important part of VT Halter Marine’s business plan


SEACOR To Acquire Gilbert Cheramie Boats, Inc.

SEACOR SMIT Inc. signed a definitive agreement to acquire Gilbert Cheramie Boats, Inc. and related companies. The transaction contemplates purchase consideration of approximately $61 million to be paid in cash for all shares of voting and non-voting stock of the companies. No long-term debt will be assumed by SEACOR in the transaction, and the purchase consideration is subject to certain adjustments. The transaction, which is subject to customary closing conditions


Atlantic Towing Expands Fleet

St. John’s NL - Atlantic Towing Limited (ATL), a global marine service provider based in Atlantic Canada, has announced the addition of the Atlantic Raven – a 14,400 hp UT 722 Offshore Supply Vessel. The Raven is the second offshore supply vessel to be added to the ATL fleet this year. The 75m x 18m vessel, with four diesel engines and an oil recovery system will further support ATL’s existing and future contracts for customers in the offshore exploration and production


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.  


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


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.  


DryShips Delivers M/V Sorrento

Photo: DryShips Inc.

 DryShips Inc., an international owner of drybulk carriers and offshore support vessels,  has announced that on November 22, 2016, it has successfully delivered the 2004 built Panamax bulk carrier M/V Sorrento to an unaffiliated third party buyer for a gross price of $6.7 million.


As Operators Look for the Bottom, Gulf Gloom Persists

Credit: Yesenia Rodriguez

Gulf of Mexico vessel operators want to see sustained, higher oil prices. After a rough two years, supply boat owners and operators in the Gulf of Mexico hope crude oil prices will improve in 2017. That would encourage activity among the offshore drillers that they service and would put






 
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