Osv News

 

Will 2024 be the Year of AHTS Recovery?

Dec 21, 2023

As 2023 is drawing to a close we would once again invite the readers of Offshore Engineer Magazine to gaze into our crystal ball to see what 2024 might have in store for the offshore support vessel industry. Before diving straight into our forward-looking sentiments however, it is important to address some of the main trends in the year that past as these lay the foundation for the year to come.Continuing the market development from the year before…

Aker Capital Takes Larger Stake in Solstad Offshore

Dec 14, 2023

Aker Capital AS has acquired 8,240,000 shares in Solstad Offshore ASA, at an average price of NOK 48.45 per share.Following the transaction, Aker Capital holds 27,089,493 shares in the company, corresponding to an ownership interest of approximately 32…

The Resurgence of the OSV Industry: From Trough to Triumph

Aug 31, 2023

The offshore supply vessel industry has weathered a tumultuous decade characterized by a prolonged trough that tested the resilience of vessel owners. However, the tides have turned, and the industry is now experiencing a strong and much-awaited revival…

Energy Transition: What is an Offshore Vessel Operator to Do?

Jun 20, 2023

The energy transition is moving ahead amid recovery in offshore oil & gas and growth in offshore wind, leaving vessel owners that serve these markets with big questions about energy carrier and energy converter selection for their newbuilds…

Stat of the Day: 25% of OSV Fleet Remains Laid Up

Jan 30, 2023

Despite a strong rebound in offshore oil and gas, still today 25% (1,887) of the global fleet of 7,485 Offshore Service Vessels (OSVs) remain idle, according to statistics from VesselsValue.

OSVs Help to Power North American Maritime Fuel Transition

Jan 30, 2023

The fuel switch in maritime is on, its real, and it will be driving vessel design, construction and operation decisions for decades to come. While many still debate the merits of each alternative fuel, OSV industry leaders are at the forefront driving change…

2023 Outlook: The Offshore Service Vessel Market

Dec 30, 2022

The market for offshore support vessels has been through a rather rough few years since offshore exploration and production activity took a nose-dive in 2015 following the oil price crash the year before.The newbuild order boom that came with…

Demand Grows for OSVs in the Offshore Floating Production and Storage Energy Sector

Jun 13, 2022

Over the last year we have seen an upswing in floating production and storage systems ordering after many years of low activity. According to our colleagues at World Energy Reports, “The global oil and natural gas markets are contending with…

MARKET: Why Don’t OSVs Get Scrapped?

Mar 01, 2021

The OSV sector will be reliant on a hitherto unseen amount of scrapping to balance the market, writes Gregory Brown, Associate Director – Offshore, Maritime Strategies InternationalThere is a consensus that an OSV market recovery will only be driven a supply side rationalization…

Interview: Kongsberg's Geir Oscar Løseth Discusses the Hybrid OSV

Nov 25, 2020

On the back of a recent deal struck by Norway's Kongsberg Maritime to supply turnkey hybrid battery solutions for three of Island Offshore's platform supply vessels, Offshore Engineer has interviewed Geir Oscar Løseth, Kongsberg Maritime's General Manager Sales…

OSV Powers Up for Deepwater Efficiency the Island Offshore Way

Apr 14, 2020

While facing the same challenging market conditions as offshore vessel owners and service companies worldwide, Norway’s Island Offshore recently broke free from the enforced conservatism of the E&P sector, by adding not just a new ship to its fleet…

Offshore: OSV Market Report

Dec 08, 2019

The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown – whether cyclical or induced by a trade war – have weighed heavily on oil prices, even in the face of reduced production by the big producers…

North Sea Spot Market Remains Challenging

Aug 14, 2019

The North Sea spot market has improved during the second quarter of 2019, as a result of increased rig activity, said Viking Supply Ships.However, the Norway-based supply shipping company expects that the overall market conditions will likely remain somewhat challenging…

OSVs: Restarting that Idled Vessel

Apr 08, 2019

Owners of offshore support vessels (OSV) are beginning to examine the possibility of reactivating some of their fleet even as the consistent volatility of oil prices and a healthy stream of ships projected from global shipyards keeps their enthusiasm in check…

OSV Market: Which Way is Up?

Apr 08, 2019

Any analysis of markets for offshore service vessels (OSV) usually begins with analogies to rough weather, best of times/worst of times or similar. OSV expert Seabrokers, with a home base in Stavanger, Norway, in the February edition of its…

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