Tuesday, March 29, 2016
Maritime News

Damen Wants You to Convert Your Laid-Up Platform Supply Vessels

With the increasing number of laid up platform supply vessels due the downturn in the offshore oil and gas industry, Dutch shipbuilder Damen Shipyards says it has come up with several...

March 29, 2016
Total Views: 37

norwegian shipowners
Maritime News

Norwegian Shipowners See Tighter Access to Capital in Weak Market

By Henrik Stolen OSLO, March 29 (Reuters) – Access to capital for cash-hungry Norwegian offshore shipowners is expected to tighten further as lower activity and falling profits continue in 2016,...

March 29, 2016
Total Views: 18

Wednesday, March 9, 2016
Maritime News

Havyard Buyer Bails

The unidentified buyer of a new-design subsea vessel at the Norwegian ship technology company Havyard has cancelled the shipbuilding contract amid horrible conditions in the market for offshore vessels. Havyard Ship Technology...

March 9, 2016
Total Views: 28

Tuesday, March 1, 2016
Maritime News

Offshore Vessel Market Set for Consolidation, Owners Say

OSLO, March 1 (Reuters) – A glut of offshore supply vessels and falling demand from oil firms will trigger a restructuring of the still-fragmented industry, two of the largest owners...

March 1, 2016
Total Views: 25

Wednesday, February 24, 2016
Maritime News

Solstad Offshore Says Consolidation Needed to Restore Profits

OSLO, Feb 24 (Reuters) – Offshore supply vessel owners must form larger companies in order to restore profitability to an industry battered by plunging demand from oil firms, the head...

February 24, 2016
Total Views: 22

Tuesday, February 2, 2016
Maritime News

Norway Waves License Fee for Laid-Up Offshore Vessels

OSLO, Feb 2 (Reuters) – Owners of ships serving the oil industry will be exempt from paying license fees for 2016 on vessels that have been mothballed, Norway’s industry minister...

February 2, 2016
Total Views: 2

Tuesday, January 19, 2016
Maritime News

Havila Shipping’s Debt Plan Fails to Gain Support

By Luca Casiraghi (Bloomberg) — Havila Shipping ASA said it has so far failed to get enough support from bondholders to postpone repayments on 5.7 billion kroner ($647 million) of...

January 19, 2016
Total Views: 1

Monday, January 4, 2016
Maritime News

Video Shows Swiber AHTS Aground in Mexico

A Swiber offshore vessel kicked off the year running aground along a stretch of beach near the port of Dos Bocas in Paraíso, Tabasco, Mexico.  The company’s 5,000 BHP AHTS Swiber Torunn was shown on video...

January 4, 2016
Total Views: 6

Tuesday, December 8, 2015
Maritime News

Offshore Supply Vessel Owners Face Bankruptcy with Drop in Drilling Rigs

By David Wethe (Bloomberg) — The relatively unheralded corner of the oil sector that sends supply boats out to offshore oil rigs may see bankruptcies as the worst crude market...

December 8, 2015
Total Views: 8

Monday, November 16, 2015
Maritime News

Ship Photos of the Day – New Ultra-Light Intervention Vessel MV Brandon Bordelon

Today’s ship photos show Bordelon Marine’s new MV Brandon Bordelon, a DP2 Ultra-light Intervention Vessel (ULIV). The vessel is the latest in the company’s Stingray series, which are all built...

November 16, 2015
Total Views: 30

Tuesday, October 20, 2015
Maritime News

Singapore Offshore Vessel Owners Tap Alternatives to Scarce Bank Funding

  By Rujun Shen SINGAPORE, Oct 20 (Reuters) – Offshore services firms in the Asian oil hub of Singapore are turning to higher-cost alternative funding avenues to offset a shortfall...

October 20, 2015
Total Views: 23

Monday, October 12, 2015
Maritime News

Vroon to Lay-Up A Dozen Offshore Vessels

  Netherlands-based Vroon Offshore Services will be laying up 12 offshore vessels “as a direct result of the ongoing slump in offshore oil and gas activities”, the company has announced....

October 12, 2015
Total Views: 42

Friday, October 2, 2015
Maritime News

Farstad Shipping to Lay Up Five Vessels

  Farstad Shipping said Friday it is planning to lay up two platform supply vessels and three anchor handling tugs in Norway, marking the latest casualty of the weakened offshore market that...

October 2, 2015
Total Views: 9

Monday, September 28, 2015

Havila Shipping Lays-Up Anchor Handling Tugs

  Norwegian offshore vessel owner Havila Shipping ASA says it has decided to lay up two anchor handling tugs (AHTS) amid weakened demand for offshore vessels driven by low oil...

September 28, 2015
Total Views: 14

Friday, September 25, 2015

Viking Supply Ships Latest to Announce PSV Lay-Ups

  Swedish shipowner Viking Supply Ships says that due to the continued market the company is forced to lay up three platform supply vessels. The vessels impacted are Idun Viking,...

September 25, 2015
Total Views: 6

Monday, September 21, 2015

Petrobras Cancels Charter Contracts with Three Offshore Vessel Owners

  Offshore vessel owners World Wide Supply, Ultrapetrol and Siem Offshore all reported Monday receiving notification for the early termination of charter contracts with Brazilian oil giant Petrobras. Perhaps the hardest...

September 21, 2015
Total Views: 25

Thursday, September 17, 2015

New Report Looks to Shed Light on Workboat Safety Culture

  A new independent report due for publication later this month aims to challenge the realities of the safety of workboat and offshore support vessel operations, a sector of the international maritime...

September 17, 2015
Total Views: 7

Friday, August 21, 2015

Drone Video: Platform Supply Vessel NAO Protector in Stavanger, Norway

Here is some video filmed on board the platform supply vessel NOA Protector during a recent visit in Stavanger, Norway. Notable vessels seen in the video include a Royal Caribbean...

August 21, 2015
Total Views: 12

Wednesday, June 24, 2015
Maritime News

UAE’s Topaz Eyes South American Expansion Amid Oil Services Struggle

Topaz Energy and Marine is eyeing expansion into South America in the next two years as the Dubai-based oil services firm looks beyond the current difficulties in the sector caused by the lower oil price, its chief executive told Reuters.

June 24, 2015
Total Views: 1

Wednesday, May 27, 2015
Maritime News

More Offshore Layoffs – World Wide Supply Lay-ups to Impact 48 Crew

Norway’s World Wide Supply (WWS) says it is laying up two platform supply vessels operating in the UK spot market amid weak demand for offshore vessels. WWS announced the layups...

May 27, 2015
Total Views: 10