Limassol, Cyprus, based vessel owner and shipping fund manager Pelagic Partners reports that it has successfully completed an investment in two state-of-the-art platform supply vessels (PSV) that will see it partner with private investment and asset management firm Borealis Maritime.
Built in 2021, the 89-meter Aurora Coey (formerly Viking Coey) and Aurora Cooper (formerly Viking Cooper) were originally acquired by Viking Supply ships while under...
Norway’s DOF Group closed out last week by announcing two contracts on February 2. It described one as “substantial” and the other as “large.”
DOF Group defines a substantial contract as one with a contract with value between NOK 250 million to NOK 500 million (about $24 million to $47 million) and a large contract as one with with a value between NOK 500 million to NOK 1 billion.
The substantial contract is with an international oil company for the PSV Skandi Kvitsøy. The vessel will work in...
https://www.marinelog.com/offshore/dof-group-books-two-significant-contracts/
Nothing is a better indicator of what’s going on in a given sector than what’s happening in the sale and purchase (S&P) market and Coupeville, Wash., shipbroker Marcon International has just released its latest report on the offshore support vessel market.
Marcon says that of the 13,293 vessels and 3,749 barges it trackedm as of mid-September 2023, 2,933 are supply and tug supply boats, with 207 officially on the market for sale. The brokerage notes that, 50.00% of foreign and 67.01% of U.S....
https://www.marinelog.com/offshore/marcon-releases-new-offshore-support-vessel-report/
Solstad Offshore’s platform supply vessel (PSV) Normand Leader has saved 29 per cent of […]
The post Solstad PSV hits ‘incredible’ emission reduction and fuel saving milestone appeared first on Offshore Energy.
“Tidewater is uniquely positioned to capitalize on what is looking to be a truly transformational period for vessel activity and day rate improvements over the next several quarters,” said CEO Quintin Kneen as Houston-headquartered offshore services giant Tidewater Inc. (NYSE:TDW) reported its results for the quarter ended March 31, 2022
Earnings were $105.7 million compared with $83.5 million for the prior year same quarter. Net losses were $12.2 million compared with $35.3 million for the...
https://www.marinelog.com/offshore/tidewater-earnings-up-red-ink-down/
Madisonville, La., headquartered Guice Offshore (GO) has added three more vessels to its fleet. Guice is a U.S. flag leader in operating dynamically positioned mini supply and medium-sized multi-purpose vessels in the specialty market, and its latest additions are a further 170-foot DP1 multi-purpose vessel and two 205-foot. DP2 platform support vessels. All are Jones Act-qualified and dually certified Subchapter L & I by the U.S. Coast Guard.
The 170-foot vessel. which was built by C&C Marine &...
https://www.marinelog.com/offshore/guice-offshore-expands-its-fleet/
Pivotal LNG has completed the first delivery of RLNG to Harvey Gulf International Marine’s CO2-neutral platform supply vessel. The post Pivotal LNG provides RLNG for world’s 1st CO2-neutral…
Finnish azimuth propulsion system specialist Steerprop has signed a five-year contract with Norway’s Siem Offshore.
Under the contract, Siem will use the Steerprop Care Premium propulsion monitoring system on the three 5,500 dwt platform supply vessels (PSVs) Siem Pride, Siem Symphony, and Siem Thiima. The vessels, which are equipped with Steerprop’s propulsion units, operate in Norwegian and Australian waters.
Steerprop Care is designed to enhance the availability of a vessel by continuously...
https://www.marinelog.com/technology/siem-signs-up-three-psvs-for-steerprop-propulsion-monitoring/
U.S.-based offshore vessel provider Harvey Gulf International Marine has started operating one of its CO2-neutral tri-fuel vessels that run on battery power and renewable LNG. The post Harvey Gulf…
https://www.offshore-energy.biz/harvey-gulf-operates-1st-co2-neutral-platform-supply-vessel/
Esvagt and Ulstein have entered into a contract for the conversion of two platform supply vessels to ERRV battery hybrid vessels. The post Ulstein to convert two Esvagt PSVs to ERRV battery hybrid…
https://www.offshore-energy.biz/ulstein-to-convert-two-esvagt-psvs-to-errv-battery-hybrid-vessels/