PSV

SEACOR Marine orders two new PSVs in China

Houston-headquartered SEACOR Marine Holdings Inc. (NYSE: SMHI) reports that it has entered into a new senior secured term loan of up to $391.0 million with an affiliate of EnTrust Global and separate agreements to build two platform supply vessels (PSVs) for a contract price of $41.0 million per vessel.

“The new financing with EnTrust Global consolidates all our debt under a single facility maturing in 2029 and addresses $125.0 million of near-term maturities previously due in 2026 to The...

https://www.marinelog.com/offshore/seacor-marine-orders-two-new-psvs-in-china/

Longitude Engineering launches new IMT-Isca PSV design series

IMT-Isca stern vuew

Ship design specialist Longitude Engineering has launched a new series of platform supply vessel (PSV) designs. Named the IMT-Isca, they mark the next generation of the company’s IMT 984 G-Class.

“PSV newbuilding has been very limited since 2015, resulting in a shortage of suitable tonnage to support growing offshore energy plans,” says Duncan Grigg, product lead for maritime design at Longitude. “Inspired by our proven IMT PSV designs, IMT-Isca is the next-step evolution, reflecting the...

https://www.marinelog.com/uncategorized/longitude-engineering-launches-new-imt-isca-psv-design-series/

Island Offshore PSV bunkers bio-LNG

bio-LNG bunkering

In cooperation with Equinor, the Island Offshore PSV Island Crusader is being bunkered with bio-LNG in a series of operations being carried out in cooperation collaboration with the vessel’s charterer, Equinor.

The bio-LNG bunkerings are being carried out in the Port of Dusavik, Norway, by Nordic region energy company Gasum Oy.

The first delivery was successfully carried out mid-July. Gasum will continue to supply Island Crusader with 2–3 truckloads of ISCC-EU certified mass balanced bio-LNG...

https://www.marinelog.com/offshore/island-offshore-psv-bunkers-bio-lng/

Pelagic Partners invests in two high-end 2021-built PSVs

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.

Viking Supply buys two under-construction PSVs

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...

https://www.marinelog.com/offshore/4/

DOF Group books two significant contracts

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/

Marcon releases new offshore support vessel report

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/

Tidewater: Earnings up, red ink down

“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/

Guice Offshore expands its fleet

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/

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