ombugge
February 27, 2023, 5:40pm
2
Good time to buy if you have capital and facilities to reactivate/upgrade OSVs:
Singapore offshore vessel operator and marine engineering services provider Kim Heng has picked up nine secondhand ships for a bargain price of $9.28m. The company’s 49%-owned indirect subsidiary, Ruhm Mazu Sdn Bhd, has agreed to the purchase of one...
Estimated reading time: 1 minute
ombugge
February 28, 2023, 5:18pm
3
Louisiana-based Hornbeck Offshore Services has entered into a definitive vessel purchase agreement with Nautical Solutions, an affiliate of Edison Chouest Offshore, to acquire six high-spec new-generation offshore supply vessels for an undisclosed...
Estimated reading time: 1 minute
Anybody know why ECO is selling these vessels and how much HOS pay for them (enbloc of individually)?
ECO is not selling these vessels. These 6 are being sold by nautical solutions who recently filed for bankruptcy.
I know we see them as one big pile, but if you look at the seperate legal entities you might get a better answer. I doubt anyone is going to say exactly what the reasoning is.
Seems like things might not be so rosey as some believe.
2 Likes
OSV market; reflection on the passed and outlook for 2024 and beyond by a veteran:
Leading shipbrokers say OSV owners gain upper hand in super cycle as values of secondhand vessels skyrocket, supply remains tight, newbuildings are nearly non-existent, and demand and day rates increase
Mike is a main contributor to Splash 24/7 and well known to many in Offshore Marine circles, especially in Singapore and S.E. Asia.
Newbuilding are on again:
China’s Fujian Mawei shipyard has landed a contract with a Greek owner for the construction of up to eight platform supply vessels. The yard did not disclose the owner, but industry sources suggest Evangelos Marinakis-backed newcomer Capital Offshore...
Estimated reading time: 2 minutes
Norwegian offshore vessel owner DOF has signed a letter of intent (LOI) for a two-year firm contract from an undisclosed energy company for field support vessel (FSV) services. The contract, which also has a one-year option to extend, was won by the...
Estimated reading time: 2 minutes
In addition to vessel services, DOF shall deliver a full suite of project management, engineering, and logistical services.
PS> Presently the Skandi Seven is operating in Angola.