I’m amazed that Chouest would sell any vessels to a competitor.
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Two of them were Vanuatu flagged boats that weren’t possible to reflag for Jones Act trade… I haven’t seen a full list of the others, but I’d bet on old 240’s that big oil doesn’t like now that they’ve had the 312’s working for them.
The article said 8 Jones Act trade 280 class boats.
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DOF Subsea is adding more work to it’s GoM portfolio:
Oslo-listed engineering and marine services player DOF Subsea said that its US business has secured multiple contracts for the Jones Act-compliant multipurpose support vessel . The 2009-built vessel will be utilised well into the third quarter of...
Estimated reading time: 1 minute
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More Offshore vessels leaving layup and getting back to active service, but not necessarily in the area they have been working previously:
PSV HIGHLAND PRINCESS seen entering the port of Lowestoft, UK from Leith in Scotland following “lay up” in Sunderland with others of the Tidewater fleet. Arriving 9th March for bunkers, she departed 11th March, destination Jebel Ali,AE, possibly another North Sea “Workhorse” unlikely to be seen plying her trade locally in the future.
Photo: John Soanes (c)
https://www.bloomberg.com/profile/company/1613250Z:US
More Tidewater news:
Houston-headquartered OSV owner Tidewater has announced the completion of its deal to acquire Singapore offshore vessel operator Swire Pacific Offshore, a subsidiary of Swire Pacific Limited. The completion of the deal, first announced in March, adds...
Estimated reading time: 1 minute
Now wait for the exodus of employees from the former SOP fleet.
AHTS anchored in Guanabara Bay in Rio de Janeiro
Photo: Capt Jan Plug Master Seven Rio (c)
DOF Subsea has secured a contract extension for the 2015-built construction support vessel . The new fixture will commence in direct continuation with the current commitment and run until February 2024. The vessel was initially signed to a five-year...
Estimated reading time: 1 minute
Well equipped for the worldwide market, now and in the future:
The Offshore Subsea Construction Vessel “Skandi Africa” was yesterday awarded the prestigious “Ship of the Year” award, instituted by Nordic shipping magazine, Skipsrevyen. The vessel is currently at the Huisman Schiedam quay for final...
Norwegian shipowner Østensjø Rederi has secured a new contract from DeepOcean for the 2016-built offshore construction vessel Edda Freya. The new contract will commence on January 1, 2023, for a 2-year charter with options for further extensions. The...
Estimated reading time: 1 minute
Edda Freya on seatrial in Vartdalsfjorden, 2016
Growing investment in offshore exploration and production and a rising rig count will increase demand for offshore support vessels (OSVs) over the next two years, according to joint research from Braemar ACM Shipbroking and Westwood. Contracted...
Estimated reading time: 2 minutes
But modern tonnage doesn’t just mean “less than 15 year old”, it require the latest and best in design and equipment + fuel efficiency and low emission.
The issue facing owners today is not the sheer number of OSVs but the age and quality of available tonnage and whether owners can raise the capital to invest in newer, cleaner vessels for future offshore operations as E&Ps continue to focus on age restrictions and lowering their overall emissions,” analysts concluded in their report.
That is probably why Spetalen is on the move again:
Øystein Stray Spetalen-backed Standard Supply has made an offer to shareholders in Northern Supply to acquire shares in the company with the ambition of increasing its ownership up to 51%. According to VesselsValue, Northern Supply has five platform...
Estimated reading time: 1 minute
Solstad is picking up more long term contracts in the Americas:
Norwegian vessel owner Solstad Offshore has been awarded a new contract and one extension for its construction support vessels in the Americas. The 2001-built Normand Cutter has been booked by an undisclosed client in South America for a firm charter...
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ombugge
September 30, 2022, 4:37pm
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ombugge
October 23, 2022, 4:56pm
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“Seacor Nile” is located at Green Yard Kleven for maintenance and minor conversion:
Photos via the yard
Source: NSF
ombugge
October 25, 2022, 7:28pm
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Dutch offshore contractor Boskalis has expanded its fleet with the acquisition of the 2012-built construction support vessel (CSV) from Houston-based McDermott. The sister vessel of Boka Ocean, which Boskalis picked up from the Oceanteam-Bourbon...
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Looks like McDermott is moving towards larger vessels:
Away from the legacy:
ombugge
October 27, 2022, 11:21am
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Longer term contracts are back in the GoM:
US marine services player C-Innovation (C-I), an affiliate of Edison Chouest Offshore, has inked a multi-year contract with an undisclosed Gulf of Mexico major, securing work for two vessels. The 2021-built C Constructor will support C-I’s new well...
Estimated reading time: 1 minute
ombugge
January 16, 2023, 10:59am
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Offshore market outlook for 2023, both Oil & Gas and Offshore Wind:
An increase in capex spending in oil and gas as well as renewables, combined with a tighter supply of active tonnage, continues to point towards greater optimism for the offshore vessel market over the course of the year. The offshore sector...
Estimated reading time: 7 minutes
Intelatus warned that the supply of competent, qualified and cost-effective crew will also become an increasing challenge for OSV owners as years of wage pressure linked to low utilisation and market rates has seen people leave the industry. Lewis reckons that increased digitalisation could be one potential solution to, in part, address the situation.
Offshore wind
“This presents increased vessel demand in several respects, and for the CSOV segment, for example, we could see vessel demand grow more than 30% this year alone,” he said.
Lewis agreed that the biggest competition for vessels by both oil and gas and offshore wind in the short term will be for subsea vessels – and this is expected to continue. He reckons other segments, such a AHTSs, PSVs and heavy lift vessels will continue to find employment in offshore wind, particularly in Asia and the US. However, Lewis observes that offshore wind is rapidly developing fleets of purpose-built vessels, “and thus the use of oil and gas vessels in the wind segment will generally be of a shorter duration.”
ombugge
January 24, 2023, 2:48pm
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Shipyards at Tanjung Uncang, Batam in the bad days. (ASL Shipyard in foreground)
Idle OSVs and rigs and little activity on the shipyards everywhere.
Zane Berry from MCA Consulting identifies how the offshore industry has transformed over the past decade. I was interested to understand what happened in 2014 when the oil price collapsed and the offshore oil industry, my industry, was halved...
Estimated reading time: 4 minutes
As we cycle back into undersupply the usual the choke points for delivering the resurgence of offshore infrastructure and production needed for the growth are, of course manning and offshore hardware availability. The over capacity that has been lying in wait for the last years is fast being pressed back into service and is likely to put back pressure on the supply of services during 2023 and 2024.
ASL Shipyard in better days:
