Volstad Shipping has announced today they have secured the required financing to execute the previously announced construction contract for a new 128-meter offshore construction and subsea IMR vessel at Tersan shipyard in Turkey. The vessel is a Skipsteknisk ST-259 design and will be built at a total contract value of approximately USD $130 million.
ST-259 design, rendering courtesy Skipsteknisk
Volstad notes that this new DP-3 equipped vessel is designed for arctic use and includes ROV moonpools, de- icing as well as a 300 ton offshore crane and accommodations for 120.
The world’s seaborne trade flows are showing signs of slowing after frontloading imports drove a strong first half of 2025, according to the World Trade Organization’s latest Goods Trade Barometer,...
Two sanctioned tankers caught fire in the Black Sea on Friday after reporting external impacts off the Turkish coast, with all crew members reported safe as Turkish rescue units responded...
The global tanker shipping industry stands at a crossroads as crude and product carriers face starkly different market conditions over the next two years, according to a new analysis from...
4 hours ago
Total Views: 151
Get The Industry’s Go-To News
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
— just like 107,027 professionals
Secure Your Spot
on the gCaptain Crew
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
— trusted by our 107,027 members
Your Gateway to the Maritime World!
Essential news coupled with the finest maritime content sourced from across the globe.