OSV News

PS> Britoil also have a shipyard in Batam that build and maintain their own as well as 3rd party vessels:

Here is how optimistic.
Tidewater is aggressively expanding it’s PSV fleet while Solstad Offshore is shrinking theirs to zero:

Solstad’s PSV fleet:
https://www.solstad.com/vessel-type/psv/
Solstad’s vessels work worldwide:
image

Because a lot of the crews comes from the local area around Ålesund this is also local news.
Here is from smp.no today:

Maybe not much change for those on Norwegian flagged vessels working anywhere, or on foreign flagged boats working in the North Sea, but for foreign crews working in other parts of the world it MAY be a “cultural shock”.

Source: Sel 37 skip og kvittar seg med seks milliardar i gjeld - smp.no

Tidewater Marine A/S in Sandnes, Norway is busy recruiting personnel, both offshore and onshore due to expansion with 9 vessels, for a total of 17 the under management in their Norwegian flag fleet:

Salary and conditions are per Collective Bargain Agreement between Unions and Norwegian Shipowner’s Association, (NSA) like any other Norwegian offshore company.

From Solstad’s announcement in March:

No news on whether transfer of the 37 PSVs has been approved by Charterers and the various authorities involved yet, or if any of the vessels has actually been handed over to Tidex.
Anybody know the status?

Solstad’s PSV fleet that is supposed to transfer to Tidewater ownership:
https://www.solstad.com/vessel-type/psv/

I wonder how many of the Solstad crews, aside from those on the PSVs that is operating in Norway, will take up the offer? Who many that will still be there by this time next year?

Tidewater announcement:
https://investor.tdw.com/news/news-details/2023/Tidewater-Announces-Completion-of-Acquisition-and-Associated-Financing-of-Platform-Supply-Vessels-From-Solstad-Offshore/default.aspx

Here are the new names for the 37 PSVs Tidewater acquired from Solstad:

Tidewater Platform Supply Vessels
ex Solstad vessels
Name since Y Name since Y Name since Y Name since Y Name since Y
ARCTIC TIDE 2023​ NORMAND ARCTIC 2012​
CARRIER TIDE 2023​ NORMAND CARRIER 2020​ FAR SERVER 2010​ SEABED VIKING 2010​ SJÓBORG 2010​
FALCON TIDE 2023​ SEA FALCON 2013​
FALNES TIDE 2023​ NORMAND FALNES 2017​ REM FORTRESS 2011​
FLYER TIDE 2023​ SEA FLYER 2013​
FORTH TIDE 2023​ SEA FORTH 2013​
FORTUNE TIDE 2023​ NORMAND FORTUNE 2017​ REM FORTUNE 2013​
FROST TIDE 2023​ SEA FROST 2013​
LEADER TIDE 2023​ NORMAND LEADER 2017​ REM LEADER 2012​ REM PIONEER 2012​
NALEY TIDE 2023​ NORMAND NALEY 2017​ REM COMMANDER 2011​
SCOTSMAN TIDE 2023​ NORMAND SCOTSMAN 2022​ FAR SCOTSMAN 2012​
SEARCHER TIDE 2023​ NORMAND SEARCHER 2021​ FAR SEARCHER 2008​
SEEKER TIDE 2023​ NORMAND SEEKER 2023​ FAR SEEKER 2007​
SERENADE TIDE 2023​ NORMAND SERENADE 2019​ FAR SERENADE 2009​
SERVER TIDE 2023​ NORMAND SERVER 2017​ REM SERVER 2011​
SERVICE TIDE 2023​ NORMAND SERVICE 2018​ SEA SPIDER 2014​
SITELLA TIDE 2023​ NORMAND SITELLA 2019​ FAR SITELLA 2013​
SKIMMER TIDE 2023​ NORMAND SKIMMER 2019​ FAR SKIMMER 2012​
SKIPPER TIDE 2023​ NORMAND SKIPPER 2005​
SOLITAIRE TIDE 2023​ NORMAND SOLITAIRE 2021​ FAR SOLITAIRE 2012​
SPARK TIDE 2023​ NORMAND SPARK 2021​ SEA SPARK 2013​
SPEAR TIDE 2023​ NORMAND SPEAR 2021​ SEA SPEAR 2014​
SPICA TIDE 2023​ NORMAND SPICA 2023​ FAR SPICA 2013​
SPRINGER TIDE 2023​ NORMAND SPRINGER 2019​ SEA SPRINGER 2014​
STARLING TIDE 2023​ NORMAND STARLING 2019​ FAR STARLING 2013​
SUN TIDE 2023​ NORMAND SUN 2019​ FAR SUN 2014​
SUPPORTER TIDE 2023​ NORMAND SUPPORTER 2017​ REM SUPPORTER 2012​
SUPRA TIDE 2023​ NORMAND SUPRA 2019​ SEA SUPRA 2014​
SURFER TIDE 2023​ NORMAND SURFER 2019​ SEA SURFER 2014​
SWAN TIDE 2023​ NORMAND SWAN 2019​ SEA SWAN 2014​
SWIFT TIDE 2023​ NORMAND SWIFT 2019​ SEA SWIFT 2014​
SYGNA TIDE 2023​ NORMAND SYGNA 2019​ FAR SYGNA 2014​
SYMPHONY TIDE 2023​ FAR SYMPHONY
TANTALUS TIDE 2023​ NORMAND TANTALUS 2022​ SEA TANTALUS 2013​
TITUS TIDE 2023​ NORMAND TITUS 2019​ SEA TITUS 2014​
TORTUGA TIDE 2023​ NORMAND TORTUGA 2020​ SEA TORTUGA 2014​
TRIUMPH TIDE 2023​ NORMAND TRIUMPH 2022​ SEA TRIUMPH 2014​

PS> It appears Tidewater has taken the easy way to pick new names.

Supporter Tide in Tanager yesterday:

Is Harvey getting out of their Mexico operations?
I just received this from a broker friend:

Looking at specs and price, this can hardly be called a bargain.
PS> All US built, so should be Jones Act compliant (??)

Harvey Hurricane, ex Bee Sting:

9 of the Solstad ships that Tidewater bought will operate in Norway with an office in Sandnes, according to a job advertisement from Tidewater:
STX PSV 12 LNG “Arctic Tide”
VS 485 Mk III “Fortune Tide”
VS 499 LNG PSV “Leader Tide”
UT 751E “Searcher Tide”
STX PSV 06 “Server Tide”
UT 754 WP “Solitaire Tide”
VARD 1 07 “Sun Tide”
STX PSV 06 “Supporter Tide”
VARD 1 07 “Sygna Tide”

They were re-flaged to Mexico, I understand bringing them back to a US flag would be difficult. I am guessing that the business environment in Mexico for US companies is not good at the moment.

Than the last of the 37 PSVs sold from Solstad to Tidewater Marine has taken over and changed name:

Source: Solstad selger alle 37 PSV'er til Tidewater | Page 3 | Norsk Skipsfarts Forum