Norwegian shipping group Island Offshore has signed a contract with VARD for the delivery of an additional hybrid power Offshore Energy Construction Vessel (OECV). The new vessel will be a…
offshore supply vessels
Wärtsilä to Convert World’s First Ammonia-Fueled Supply Ship for Equinor
Finnish technology group Wärtsilä has signed a contract with Norwegian shipowner Eidesvik Offshore to convert the offshore platform supply vessel (PSV) ‘Viking Energy’ to operate on ammonia fuel. The vessel,…
https://gcaptain.com/wartsila-to-convert-worlds-first-ammonia-fueled-supply-ship-for-equinor/
Tragic Accident on ICON Offshore Vessel Results in Two Fatalities
Malaysia-based offshore support vessel (OSV) provider ICON Offshore Berhad has confirmed details of an August 2 accident involving one of its vessels that tragically killed two people and seriously injured…
https://gcaptain.com/tragic-accident-on-icon-offshore-vessel-results-in-two-fatalities/
Tidewater Reports Stellar Q1 Results and Reiterates Positive Outlook for 2024
Tidewater Inc. (NYSE:TDW), a leading global provider of offshore service vessels (OSVs), reported impressive first quarter results as day rates for OSVs continue to rise. Shares of Tidewater rose more…
https://gcaptain.com/tidewater-reports-stellar-q1-results-and-reiterates-positive-outlook-for-2024/
Tidewater Shares Tumble as OSV Day Rates Set New High-Water Mark
Shares of Tidewater Inc. (NYSE:TDW) fell more than 10% on Tuesday after the company reported impressive revenue of nearly $300 million in the third quarter amid rising day rates for…
Tidewater Posts Highest Quarterly Revenue Since 2015
Tidewater Inc., a leading global provider of offshore support vessels, has reported a strong start to 2023, posting its highest quarterly revenue since the fourth quarter of 2015. First quarter…
https://gcaptain.com/tidewater-posts-highest-quarterly-revenue-since-2015/
Tidewater to Acquire 37 PSVs from Solstad Offshore
Some big news from Houston-based Tidewater, the world’s largest owner and operator of offshore support vessels (OSVs). The company announced it has reached an agreement to purchase 37 platform supply…
https://gcaptain.com/tidewater-to-acquire-37-psvs-from-solstad-offshore/
Tidewater Upbeat on Offshore Support Vessel Market Recovery
The world’s largest offshore support vessel (OSV) owner and operator Tidewater Inc. is optimistic that the recovery for a continued recovery of the offshore vessel market as demand for oil and gas supplies increases. Tidewater saw rise last year to $647.7 million, an increase of 74.6% compared 2021 thanks to its acquisition of Swire Pacific Offshore. Overall, the Houston-based company reported a net loss of $21.7 in 2022, compared to a $129 million loss a year earlier. “As we mentioned in this...
https://gcaptain.com/tidewater-upbeat-on-offshore-support-vessel-market-recovery/
Hornbeck Offshore to Buy Ten OSVs from Edison Chouest
Hornbeck Offshore Services announced today that it has entered into definitive purchase agreements to acquire ten high-specification offshore supply vessels from Edison Chouest Offshore. The new generation OSVs include eight…
https://gcaptain.com/hornbeck-offshore-to-buy-ten-osvs-from-edison-chouest/
Northstar Marine expands fleet to include two larger vessels
Northstar Marine, Clermont, N.J., has added two new offshore supply vessels to its comprehensive fleet: the 240′ Commander and the 185′ Independence. The addition of these offshore boats enables Northstar to further support long-duration projects in the offshore waters of the East Coast of the U.S., the Bahamas, and the Caribbean.
Both vessels can accommodate a wide variety of services. The Commander carries deck cargo of up to 1,300 tons and the Independence carries up to 400 tons. Both vessels...
https://www.workboat.com/news/offshore/northstar-marine-expands-fleet-to-include-two-larger-vessels/