PaxOcean Group, a leading marine and offshore asset service provider, has signed a significant newbuilding contract with an unidentified Greek shipowner. The agreement involves the construction of up to ten…
offshore vessels
Adani Ports Acquires Offshore Shipping Firm for $185 Million
(Bloomberg) — Billionaire Gautam Adani’s port unit will buy an 80% stake in Singapore-headquartered Astro, a supplier of offshore support vessels, for $185 million in cash as his conglomerate continues…
https://gcaptain.com/adani-ports-acquires-offshore-shipping-firm-for-185-million/
Island Offshore Places Order for Second Hybrid Offshore Energy Construction Vessel
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…
Tidewater Reports Robust Growth in Revenue and Day Rates
Tidewater Inc. (NYSE: TDW), a leading global provider of offshore service vessels (OSVs), reported strong financial results for Q2 2024, with a revenue of $339.2 million, a 5.6% increase from…
https://gcaptain.com/tidewater-reports-robust-growth-in-revenue-and-day-rates/
Eastern Shipbuilding to Complete Construction of High-Spec Offshore Vessels for Hornbeck
Eastern Shipbuilding Group has announced a contract to complete the construction of two ultra high-spec 400 class Multi-Purpose Support Vessels (MPSVs) for Hornbeck Offshore Services (HOS). Hornbeck originally ordered the…
Island Offshore Secures Long-Term Contract for Island Condor
Norwegian offshore service vessel provider, Island Offshore, has announced that it has secured a long-term employment contract for the walk-to-work vessel Island Condor. The contract is set to start in…
https://gcaptain.com/island-offshore-secures-long-term-contract-for-island-condor/
AD Ports Group’s Strategic $200 Million Offshore Vessel Acquisition
AD Ports Group has made a significant investment of around US$200 million in procuring 10 offshore vessels. This strategic move aims to reinforce the company’s presence in the Middle East and Southeast Asia, says an article published on oil & gas website.
Strategic Investment For Enhanced OperationsAD Ports Group, a significant global entity in trade and logistics, recently invested around US$200 million in procuring 10 offshore vessels. This acquisition...
https://mfame.guru/ad-ports-groups-strategic-200-million-offshore-vessel-acquisition/
Tidewater Profit Driven By Surging Day Rates and Positive Outlook
Tidewater Inc. (NYSE: TDW), a leading provider of offshore support vessels, reported a substantial improvement in revenue and earnings in the second quarter of this year, underpinned by higher day…
https://gcaptain.com/tidewater-profit-driven-by-surging-day-rates-and-positive-outlook/
Offshore Industry Is Moving Up And Out Of The Doldrums
Speaking at the Marine Money ship finance forum in New Orleans, a representative of VesselsValue said he is optimistic about the offshore industry for the first time in years. “For…
https://gcaptain.com/offshore-industry-is-moving-up-and-out-of-the-doldrums/
Tidewater Confirms ‘Inflection Point’ in Offshore Support Vessel Market
Houston-based Tidewater Inc. (NYSE: TDW), owner and operators of the world’s largest fleet of offshore support vessels, says this year has marked an inflection point for the industry as key…
https://gcaptain.com/tidewater-confirms-inflection-point-in-offshore-support-vessel-market/