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...

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,...

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...

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...

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...

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...

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...

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...

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...

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...

  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...

  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....

  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...

  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...

  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,...

  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...

  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...

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...

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.

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...