Vessles News


OSV Market to Reach $25Bn in 2023

Jan 31, 2020

The market for Offshore Supply Vessel (OSV) is expected to grow at a CAGR of roughly 8.3% over the next five years, will reach US$ 25 billion in 2023, from US$ 15.5 billion in 2017, according to a new study.The Anchor Handling Tug Supply (AHTS) vessels segment accounted for the largest share…

CMHI Builds Alfa Lift

Jan 21, 2020

The construction of the 48,000 dwt semi-submersible offshore wind farm foundation installation vessel, Alfa Lift, is progressing at the China Merchants Heavy Industry (CMHI) shipyard.CMHI has installed 78 out of 162 blocks in the dock of Offshore…

EMGS Vessel Utilization Up

Jan 06, 2020

Norwegian geophysical services company Electromagnetic Geoservices ASA (EMGS) has seen an increase in vessel utilization for the fourth quarter 2019 at 80% compared with 32% for the fourth quarter in 2018.For the full year 2019, the vessel utilization was 59%…

Saipem Charters Norce Endeavour

Dec 23, 2019

Saipem Portugal Commercio Maritimo Limitada, the Portuguese subsidiary of the Italian oilfield services provider Saipem, has signed a deal with Solstad Offshore to hire DLB Norce Endeavour lay pipe barge, with an option to buy.Under the agreement…

Standard Drilling Sells PSV

Dec 10, 2019

Cyprus-based company active in the oil and gas industry S.D Standard Drilling signed Memorandum of Agreement (MoA) to sell one  large Norwegian built Platform Supply Vessel (PSV), Standard Supporter for USD 15 million.The transaction was completed yesterday (10 December 2019)…

Yinson Wins Extension for Vietnam FPSO

Sep 30, 2019

The floating, production, storage and offloading (FPSO) service provider in Malaysia, Yinson Holdings Bhd has been awarded a contract extension for its Lam Son FPSO for operations on the Lam Son field, located offshore Vietnam.'On 30 September 2019…

Petrobras Extends DOF Contract

Sep 03, 2019

Norwegian offshore supply vessel (OSV) operator DOF has been awarded a contract extension for an anchor handling vessel.Norskan, a Brazilian subsidiary of DOF, and Petrobras have signed a 1-year extension for the anchor-handling tug supply (AHTS) vessel Skandi Fluminense…

Solstad Sells PSV Far Star

Aug 07, 2019

Norwegian offshore service and supply ship shipping company Solstad Offshore said that its subsidiary Farstad Supply has sold the platform supply vessel (PSV) Far Star.1999-built Brazilian-flagged was sold to an undisclosed buyer.The delivery of the vessel to the new owner took place on Tuesday…

A1 Offshore Teams Up with Kenzfigee

Jul 04, 2019

Danish provider of offshore service vessels A1 Offshore Solutions ApS and lifting and offshore equipment specialist KenzFigee have signed a cooperation agreement to offer clients in the offshore oil, gas and wind industry a cost-efficient and safe Walk-to-Work vessel solution…

Vestland Offshore to Manage Ocean Duke

Mar 11, 2019

Norwegian vessel owner Vestland Offshore announce that it has taken Management on yet another Vessel.The Ocean Duke is currently being converted to a Seismic Source Vessel and has a firm 2 year contract secured with SBGS.Last month, Vestland has won contracts for two of its offshore vessels…

Green Marine Grows Offshore Fleet

Mar 07, 2019

The solutions provider of the offshore renewable industry, Green Marine has expanded its fleet by recently purchasing a Damen Twin Axe 26m long CTV named the “Green Storm”.The vessel will focus on servicing the Offshore Wind industry, providing…

Current News

MHI Vestas Confirms Taiwanese Offshore Gig

Furgo Backs Australia’s Hydrographic Program

Iran to Boost Gas Output Capacity with New Offshore Platform

Global Marine Taps IHC for Normand Clipper Cable Lay Spread

Subscribe for OE Digital E‑News