Platform Supply Vessels News

Seatrium has put in motion a series of non-core asset divestments set to complete by early 2026, targeting over $40 million (S$50 million) in annualized operational cost savings.The Singapore-based offshore and marine group said the savings will follow recent divestments of the AmFELS yard in Texas and the GNL Platform Supply Vessels disclosed in 2025, alongside additional transactions earlier.The company said the divestments form part of its strategy to rationalize non-core assets…

All-Cash Deal, Expanding Brazil FootprintTidewater Inc. (NYSE: TDW) has signed a definitive agreement to acquire Wilson Sons Ultratug Participações S.A. and its affiliate Atlantic Offshore Services S.A. (collectively, WSUT) in an all-cash transaction valued at approximately $500 million, including the assumption of existing debt.The acquisition significantly strengthens Tidewater’s position in the global offshore support vessel (OSV) market while marking a decisive expansion in…

Norwegian offshore support vessel owner Havila Shipping has secured contract with Equinor for its platform supply vessels (PSVs).The contract has been signed for Havila Herøy PSV, for an operation planned to be 136 days.The start is expected to be in first half of March, the company said.Built in Havyard Leirvik in 2009, Havila Herøy PSV is 80.4 meters long and has a deck space of 805 m2.

Havila Shipping delivered a stronger third quarter in 2025, reporting improved profit before tax and maintaining high fleet utilization despite softer day rates and several vessels undergoing planned maintenance.According to the company’s quarterly report, freight revenues reached NOK 149.3 million in Q3 2025, up NOK 8.5 million from the same period last year but down sequentially from Q2. Utilization remained robust at 95.3%, although two vessels were temporarily out of service for scheduled yard work.

Singapore-based engineering group Seatrium has reported strong execution in the third quarter ended September 30, 2025, bolstered by major offshore and wind project deliveries, a high-value order book and strategic asset sales.The group’s net order book stood at about $12.8 billion (S$16.6 billion), covering 24 projects slated for delivery through 2031. During the third quarter of 2025 the company completed the wind turbine installation vessel Charybdis and the offshore substations Greater Changhua 2b and 4…

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…

Seatrium Limited has announced that it has entered into a binding agreement with Brazilian vessel operator, Posidonia Shipping and Trading Ltda, an unrelated third party, to sell 100% equity interest in its indirect wholly-owned subsidiary, Guanabara Navegação Ltda (GNL). GNL is a special purpose vehicle that owns two units of platform supply vesselsThe total consideration for the sale of GNL is $59.7 million. This accretive divestment is in line with the Group’s strategic intent to divest non-core assets to enhance capital and operational efficiencies…

Astro Offshore, an Adani Group Company, announced the addition of Astro Achernar, its 50th vessel, marking a defining moment in the company’s journey of rapid expansion and continued success.The 88-meter DP2 Diesel Electric Multipurpose Support Vessel (MPSV) is equipped with accommodation for 222 personnel and a 100-ton ACH crane, enhancing Astro’s offshore support and subsea capabilities. The milestone follows a period of growth for Astro Offshore. Over the past six weeks, the company has added seven new vessels to its fleet…

Offshore vessel operator Astro Offshore, an Adani Group company, has acquired five offshore vessels en bloc, raising its fleet size to 49 ships and strengthening its presence in West Africa.The deal includes four platform supply vessels (PSVs), two of which are diesel-electric, and one high-specification 86-meter multipurpose supply vessel (MPSV) equipped with a 160-tonne crane.With the latest additions, Astro now operates 15 DP2 vessels, including five diesel-electric.The strategic expansion builds on the company’s acquisition of two modern PSVs earlier in September…

Offshore vessel operator Astro Offshore, an Adani Group company, has acquired two modern platform supply vessels (PSVs) and entered the West African market, expanding its global footprint.The vessels, Astro Rastaban (built 2020) and Astro Rigel (built 2023), lift the company’s fleet to 44 vessels and mark its first operations in West Africa.The acquisitions complement Astro’s broader fleet growth plans, which include two diesel-electric anchor handling tug supply (AHTS) vessels due for delivery in the coming weeks and two ballastable barges scheduled for completion late in 2025.The company…

Equinor has exercised its option to extend the firm period of the contract for two of DOF’s platform supply vessels (PSVs).Equinor extended contracts for Skandi Flora and Skandi Mongstad PSVs.The extension is applicable from October 2025, according to Norwegian the Norwegian offshore supply vessel owner.Both vessels have one further one-year extension option from October 2026 available.

Crane specialist Huisman has signed a contract with Greek shipowner Capital Offshore for the delivery of four Knuckle Boom Cranes, which will be fitted on new platform supply vessels (PSVs).The cranes will be installed on the new MMC-designed PSVs currently under construction at the Fujian Mawei shipyard, and destined for operations in the Brazilian market.Boasting a lifting capacity of 100 mt each, the cranes are designed to operate at depths of up to 3,000 meters.The cranes are equipped with Huisman’s proprietary Active Heave Compensation (AHC) System…

This month, Wilson Sons received approval from ANP to conduct the first tests on using HVO (Hydrotreated Vegetable Oil) in the Brazilian maritime sector, with efen and Port of Açu as partners.To replace marine diesel oil, efen will import HVO, also known as renewable diesel or green diesel, to be tested on Wilson Sons' tugs in the Port of Açu, in São João da Barra (Rio de Janeiro). The liquid handling operation will be conducted at the Açu Liquid Bulk Terminal (TLA), owned by Vast Infraestrutura.“After the testing period, we expect to expand the distribution of HVO to Platform Supply Vessels (PSVs) and other offshore support vessels in the Port of Açu…

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.

Kongsberg Maritime has signed a contract with Compagnie Maritime Monegasque (CMM) to deliver advanced ship design and technology for six hybrid platform supply vessels (PSVs), with oil spill recovery capacity, which will support Petrobras’ offshore operations.CMM was ranked first in Petrobras’ tender for six state-of-the-art, hybrid large multipurpose 5,000 DWT PSVs with oil spill recovery capacity, positing the company to secure a firm 12-year charter contracts with Petrobras…

Bourbon Logistics has secured a new fully integrated logistics contract by an unnamed oil and gas major to support its exploration campaign and the drilling of its first well in the waters of southern Namibia.The campaign, estimated to last about six months, marks a significant step forward in the client’s strategy, particularly in terms logistics strategy with the first integrated logistics contract.For Bourbon Logistics, it is the continuation of the successes already achieved…

Kongsberg Maritime has secured $73.3 million contract from Fujian Mawei Shipbuilding in China to supply range of equipment for a new fleet of 10 platform supply vessels (PSVs) being built for Greek shipowner Capital Offshore.Under the contract, Kongsberg Maritime will supply all propulsion, automation, and energy systems for the 95-metre vessels of MMC 897 CD design.The Kongsberg Maritime electrical system on these vessels will enable optimal operation through the Energy Storage System (ESS).

Greek shipowners have spent an unprecedented $18 billion on newbuild gas vessels since 2021 as companies diversify their portfolios away from traditional tanker, bulker and container asset classes according to new research by Veson Nautical's data intelligence arm VesselsValue.Approximately $13.8 billion of the figure has been spent on 59 liquefied natural gas (LNG) vessels, and approximately $4 billionn on 41 liquid petroleum gas (LPG) vessels, according to the new report, ‘Greek Speculative S&P Investments’.

Norwegian offshore vessel owner Sea1 Offshore, formerly Siem Offshore, has secured a multi-well project for three anchor handling tug supply (AHTS) vessels in Australia.The contract begins in second to third quarter of 2025, for a firm period of around 380 days up to 670 days per vessel.No additional details have been revealed, but Sea1 Offshore said the vessels will be servicing a consortium of local operators with various drilling and decommissioning projects.One of the vessels will be from Viking Supply Ships, which entered into agreement with Sea1 Offshore in August 2024 to outsource the m

Eidesvik Offshore will refit its platform supply vessel (PSV) Viking Energy with an ammonia dual fuel engine, targeting 2026 as the year that the vessel will operate on ammonia for Equinor, effectively cutting GHG emissions by 70% or more.Viking Energy will switch to ammonia operations, in a move that should make it the world’s first in-service vessel to adopt the fuel as a primary energy source."This conversion is made possible by the support and investment from Equinor. We are very pleased to partner up with a client that share our ambitious climate targets…

Malaysia-based Icon Offshore Berhad has confirmed that two seafarers were killed and another badly wounded during an incident on board one of its platform supply vessels (PSV).The fatal incident involving Icon Offshore's Icon Amara occurred on August 2, 2024 at approximately 10:30 p.m. at the Sapar Alpha platform near Bintulu, Sarawak, the company said. According to local media reports, a violent explosion in the vessel's engine room left two mariners dead and another seriously injured.Authorities said the PSV's assistant engineer and an oiler were killed…

Current shipping discussions at both foreign and domestic venues are overflowing with the single subject of emissions while a growing number of companies make their reach for a net zero target. As the International Maritime Organization (IMO) tightens regulations to advance that reach, efforts to address climate change are coupled with a new understanding of the challenge at hand. Net zero will require a transition away from fossil fuels, followed by a movement to alternative fuels and at some time in the future a new zero technology turning the reach into a grasp.

Sweden-based Viking Supply Ships on Tuesday announced plans to outsource the management of its six anchor handling tug supply (AHTS) vessels to Sea1 Offshore, based in Norway.The management agreements are scheduled to be completed in October 2024, subject to final documentation and required approvals, the company said.The six AHTS vessels include Magne Viking, Odin Viking, Loke Viking, Njord Viking, Brage Viking and Andreas Viking, all with ice class notations and built from 2011 through 2013.