Offshore is a cyclical industry; when assets are at their cheapest, nobody wants to buy them, and nobody will lend money to acquire offshore vessels and rigs. If only I had had the foresight to buy Tidewater stock in May 2020 when it traded below US$5 per share, as opposed to US$68 on Friday. But...
Newly awarded charter contracts include those for construction, accommodation, and maintenance vessels. Deployments will take place in the US Gulf of Mexico as well as in ..
Accommodation platforms have secured additional work in Brazil and Trinidad as a Norwegian subsea support provider will deploy one of its multi-role vessels to South Amer ..
Installation/decommissioning and maintenance vessel operators are the main focus of this latest roundup of newly awarded charter contracts. Upcoming deployments will be i ..
The post Work Boat World Offshore Vessel Charters Roundup – February 16, 2022 appeared first on Baird Maritime.
Last week, Norwegian floating accommodation provider Prosafe finally announced (here) some good news, albeit not for its shareholders, who are about to be wiped out. Like ..
With the offshore sector as busy as ever, new charters expectedly continue to be awarded at a steady pace. It is interesting to note that the succession of recent awards ..
Charters for offshore vessels are already on the rise this early in 2021, indicating the much anticipated growth of a resilient sector that is steadily overcoming the ..
The Norwegian Competition Authority has rejected the proposed mega-merger of accommodation vessel operators Prosafe and Floatel on the grounds that the merger would lead to increased prices through less competition. A joint statement from the two companies said they were notified on Tuesday in a...
Prosafe has signed a contract with Petrobras Netherlands B.V. (‘Petrobras’) for the provision of the Safe Eurus semi-submersible vessel for safety and maintenance support offshore Brazil.
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The contract commencing Q4 2019 with a firm period commitment of three years will be the first for the Safe Eurus, a vessel designed and built to service the Brazilian market. Safe Eurus will be the third Prosafe vessel under charter in Brazil, with sister vessel Safe Notos also on charter...