Wednesday, November 11, 2020
Maritime News

Latin America Getting First Hybrid Propulsion Offshore Support Vessel

The platform supply vessel CBO Flamengo is set to become the first offshore support vessel in Latin America to be converted to hybrid power. CBO, one of the Brazil’s leading...

November 11, 2020
Total Views: 212

Tuesday, March 31, 2020
offshore support vessels

Abu Dhabi’s Gulf Marine Services Reaches Debt Restructuring Deal

DUBAI, March 31 (Reuters) – Abu Dhabi-based Gulf Marine Services (GMS) said on Tuesday it had reached an agreement with its syndicate of banks to restructure its debt that will...

March 31, 2020
Total Views: 86

Tuesday, August 27, 2019
offshore support vessels
Maritime News

Banks Close to Hiring Adviser for Debt Talks with Abu Dhabi’s Gulf Marine Services – Sources

By Davide Barbuscia and Hadeel Al Sayegh DUBAI, Aug 27 (Reuters) – Creditors of Abu Dhabi-based Gulf Marine Services (GMS) are close to hiring an adviser to help them renegotiate...

August 27, 2019
Total Views: 11

Monday, June 17, 2019
Maritime News

Atlantic Towing Orders Hybrid Battery-Powered PSV

Canada-based Atlantic Towing has entered into a contract with Norwegian ship technology group Havyard for the purchase of a state-of-the-art hybrid battery-powered platform supply vessel for delivery in April 2020....

June 17, 2019
Total Views: 17

Tuesday, September 25, 2018
offshore support vessels
Maritime News

OSV Companies Still Face Serious Difficulty, Study Shows

The offshore supply vessel (OSV) sector continues to be in serious trouble despite a rebound in oil prices as too many vessels compete for limited business opportunities, according to a...

September 25, 2018
Total Views: 65

offshore supply vessel
Maritime News

Oman’s Renaissance Is Said to Mull $1.5 Billion Topaz Energy IPO

By Ruth David and Dinesh Nair (Bloomberg) — Oman’s Renaissance Services SAOG, a service provider to the oil and gas industry, is considering an initial public offering for its Topaz Energy &...

September 25, 2018
Total Views: 3

Wednesday, November 15, 2017
Ocean Troll ERRV

Atlantic Offshore Secures Two-Year Charter for ERRV Ocean Troll in UK North Sea

Offshore shipping company Atlantic Offshore has secured a two-year charter with Maersk Oil in the UK for the use of the Emergency Response and Rescue (ERRV) Ocean Troll. For the...

November 15, 2017
Total Views: 56

Monday, July 31, 2017
Nor Da Vinci fire

Dive Support Vessel Suffers Fire in North Sea

A dive support vessel with 23 crew was forced to issue a mayday call on Monday after a fire broke out in the vicinity of the vessel’s engine room as...

July 31, 2017
Total Views: 35

Wednesday, June 21, 2017

Norwegian OSV Mega-Merger Completed

The world’s largest high-end offshore service vessel company was created Wednesday with the completion of the mergers involving former Norwegian offshore shipping companies Farstad Shipping, Deep Sea Supply and Solstad...

June 21, 2017
Total Views: 3

Tuesday, April 18, 2017
Maritime News

Wärtsilä to Power World’s First LNG-Powered Offshore Construction Vessel

Finnish technology group Wärtsilä has been selected to supply the engines and propulsion machinery for the first offshore construction vessel to be powered by liquified natural gas.  The ship was ordered...

April 18, 2017
Total Views: 4

Friday, March 24, 2017
Maritime News

Signed Plans to Merge Norway’s Solstad, Farstad, and Deep Sea Supply

Norwegian offshore supply vessel companies Solstad Offshore, Farstad Shipping, and Deep Sea Supply are forging ahead with plans to combine operations with the board of directors from each of company...

March 24, 2017
Total Views: 29

Wednesday, March 8, 2017

Oversupplied OSV Market Facing Record Number of Deliveries in 2017

A record 450 offshore supply vessels are still scheduled for delivery in 2017 despite a massive oversupply in the market, according to new figures released by VesselsValue.  Already this year...

March 8, 2017
Total Views: 24

Tuesday, February 28, 2017
Maritime News

Ezra Affiliate, Emas Chiyoda Subsea, Files for U.S. Bankruptcy

By Tom Hals Feb 28 (Reuters) – A subsea and offshore contractor affiliate of Ezra Holdings Ltd, a struggling Singaporean oilfield services firm, filed for U.S. bankruptcy as it ran...

February 28, 2017
Total Views: 32

Monday, February 6, 2017

Norway’s Farstad, Solstad, and Deep Sea Supply to Merge, Creating Offshore Supply Vessel Giant

By Gwladys Fouche and Jonathan Saul OSLO/LONDON, Feb 6 (Reuters) – The pace of consolidation in the crisis-hit shipping industry accelerated on Monday after three of Norway’s biggest offshore oil...

February 6, 2017
Total Views: 76

Friday, January 27, 2017

Statoil Scoops Up Nine AHTS and Four PSVs for Work Offshore Norway

Statoil Petroleum AS has chartered thirteen vessels, including 9 AHTS and 4 PSVs, for work offshore Norway as the company boosts its exploration activities for the first time since 2013....

January 27, 2017
Total Views: 3

Thursday, January 5, 2017
PSV Normad Skipper

Offshore Supply Vessel Market Faces More Restructuring in 2017 -Nordea

OSLO, Jan 5 (Reuters) – Thorodd Bakken, head of Nordea Norway’s Corporate & Investment Bank, expects more restructuring to take place in the offshore supply shipping industry in 2017, he...

January 5, 2017
Total Views: 5

Tuesday, October 4, 2016
Ships at anchor off Singapore.
Maritime News

Singapore Junk Bonds Slump as Chartering Group Swissco Seeks Restructuring

By Netty Ismail and David Yong (Bloomberg) — Singapore’s junk-bond market is suffering its worst rout in at least four years as debt restructurings spread among shipping and oil-and-gas service...

October 4, 2016
Total Views: 7

Wednesday, September 14, 2016

Singapore’s Marco Polo Marine Seeks to Delay Bond Payment Amid Business Review

by David Yong (Bloomberg) — A Singapore provider of barges and tugs for coal, steel scrap and iron ores plans to ask bondholders for approval to delay paying S$50 million...

September 14, 2016
Total Views: 2

Thursday, September 8, 2016
Maritime News

Deep Investment Cuts Slow Rebound for Offshore Oil Services -Bourbon

PARIS, Sept 8 (Reuters) – French oil services company Bourbon said on Thursday that any rebound in oil and gas prices will take a while to reach companies in the...

September 8, 2016
Total Views: 4

Tuesday, August 30, 2016

Norway’s DNB: Oil Industry Suppliers Face Years of Restructuring

By Stine Jacobsen STAVANGER, Norway, Aug 30 (Reuters) – Restructuring the debt of struggling offshore oil service vessel (OSV) and drilling rig companies will take years to complete and complex...

August 30, 2016
Total Views: 17