Market for Offshore vessels and services improving?

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Improvements in the market came too late for DOF ASA:

Court opens DOF bankruptcy proceedings - Splash247

“Such alternative implementation of the agreed financial restructuring has been structured to avoid any interruption to the ongoing operations of the Group and to avoid losses for the Group’s customers, suppliers and other trade creditors. Consequently, no other creditors than the financial creditors, nor any of the employees of the Group, are to be affected by such alternative implementation of the financial restructuring,” DOF said in a regulatory filing on Thursday

So this should not affect DOF Subsea’s US operations.

[ombugge]

Consolidation in the OSV segment of the market:

Bourbon Arctic, now Horizon Arctic

From smp.no today:

Two companies start a joint venture

Bourbon and Horizon Martime start the company Bourbon Horizon AS. The company will be based in Fosnavåg and in the city of St. Johns in Newfoundland in Canada.
They have a fleet of seven ships and will focus on delivering services aimed at the North Sea and the Canadian offshore market.

https://www.bourbonoffshore.com/en/press-releases/creation-bourbon-horizon-new-leader-offshore-operations-harshest-environments

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Siem Offshore secures work for AHTS duo in Australia - Splash247

Siem Aquamarine - IMO 9417725

These two vessels are part of a serieas of 8 x VS 491 CD AHTS built at Kleven Shipyard:

M/S «SIEM AQUAMARINE»