Market for Offshore vessels and services improving?

Nearly daily news of new contracts from around the world MAY indicate that the Offshore market for vessels and services are improving.

Here is news of a new long term contract from Brazil:

The market might be improving for larger offshore vessels, although it is hard to tell because they don’t publish the day rates very often, but the market seems to be bad for smaller ones (in the North Sea at least).

PSVs are going for a day rate of around £4.5k ($5.9k) per day, and an AHTS recently went for 85k NOK ($9.2k) per day.

Maybe Floating Wind Farms could be the salvation, at least for AHTSs:

Rem Offshore has secured work for two more if their PSVs:

Aage Remoey is back in business after loosing his entire fleet to Solstad a few years ago. Not bad for a fishing boat owner from a small place in NW Norway. .
Here is his fleet, so far. (incl. details on one of the PSVs mentioned):

Offshore market outlook for 2021. Grounds for optimism.(??):

This is about the world market. May not apply to the GoM market as that is kind of isolated.

Solstad send AHTS from Norway to Australia to join their fleet there:
Solstad Offshore AHTS to head for Australia - Marine Log.


Hope for the future Offshore market (??):

CSV NORMAND MERMAID (photo Willem Koper ©) has been awarded a contract with an international seabed seismic company. The vessel will be used for their deep-water Ocean Bottom Node baseline survey project offshore Angola. The project will commence in 2Q 2021.

Boa Deep C has a new contract. This time in Gulf of Thailand:

She is presently working in India on a FPSO hook-up.

Some may remember her from her attendance at the Deepwater Horizon incident?

Reach Subsea is getting ready for another busy year in the North Sea:

But you will probably not see them in the GoM:

Reach Subsea with call-out contract in Trinidad:

While Siem Spearfish is heading back to GoM:

While UOS is hoping for more work in Brazil:

Boskalis appears to believe in an upturn. They are buying offshore vessel to strengthen their position in both the offshore wind and oil & gas industries:

Subsea 7 progressing construction programs in the Middle East, GoM

The SEVEN VEGA photo: Jan Plug ©

Old drilling rigs still going strong:

Dubai based Shelf Drilling was formed as a result of Transocean becoming a Deepsea centered drilling contractor:

Their fleet of 31 J/U rigs are mostly rigs that came from merger of drilling contractors into Transocean over many years

PS> I have done lots of rigmoves on the majority of these rigs over the years, but when under their original Owners and after they joined the Transocean fleet.

For others it goes the other way:

COSL Drilling Europe, woth HQ in Sandnes, Norway, operat 4 modern midwater semisubs:

Good news for those that was due to be laid off by Seadrill:

PS> She is already on location in the GoM

Seadrill is not alone. Transocean has also secured new contracts in GoM:

The market for high capacity/low emission vessels, both AHTS, CSV and PSV and specialized vessels for the Offshore wind industry is hotting up worldwide.
Norway is in the forefront, but as a market and source of such vessels.

Maersk Supply Service has been active on the Norwegian market for decades, but has now decided to set up an office in Norway and flag some of their high spec vessel Norwegian (NOR):

Solstad is selling off smaller PSVs to concentrate on the larger PSVs, powerful AHTS, high end CSV and the SOV market:

Far Spirit: