Restructuring of the OSV business is far from finished


I dont think tidewater ever built a dp 0, I will ask my buddy there
ECO put unclassed DP systems on many vessels, thats bigger news


In the late 90’s Gary had a policy that if the client wanted DP the client payed for the DP upgrade on the vessel.


More optimistic predictions for our enjoyment:

PS> This refers to the worldwide market, but some of the contracts for Polarcus and NAO has been for work in North America.



and the news is who would charter them as a DP vessel?


12 posts were split to a new topic: Harvey Gulf to Reflag Some Assets


Still a tough winter ahead for the North Sea market:

With the oil price getting lower due to over production in USA, Russia and Saudi Arabia, the hope of fast improvement is fading.

The hope that OPEC and Russia would cut production to keep the oil prices high is also fading:


One company that has taken the opportunities to expand their fleet during the downturn is Allianze Marine in Abu Dhabi. Just look at this fleet list:
For those familiar with the Singapore offshore marine scenario there area lot of familiar vessels here.

They have now purchased most of the Swissco fleet: