Osv News

 

Cyan Renewables to Buy MMA Offshore

Jul 24, 2024

Singapore's Cyan Renewables, which operates vessels for offshore wind farms, said on Thursday it will buy its Australian peer MMA Offshore for A$1.1 billion ($725.67 million), marking the largest take-private deal in this space in the Asia Pacific region.MMA shareholders will receive A$2.70 per share in cash, a 36% premium over its 90-day average price, according to a joint statement from Cyan and MMA…

Huisman Hooks Crane Supply Deal for Sea1 Offshore’s New Vessels

Nov 28, 2024

Crane specialist Huisman has secured a contract for the delivery of two 250 mt Knuckle Boom Cranes, which will be installed on the Sea1 Offshore’s new offshore energy support vessel.The contract was signed with COSCO (Qidong) Offshore. The cranes…

OSV 2Q Recap: Entering the Capital Distribution Phase

Oct 24, 2024

The OSV sector has concluded its second quarter earnings season, marking another quarter with strong profitability and favorable market conditions. However, negative oil market sentiment, with the Brent price down by 19% since the start of July…

MSI: Offshore Vessel Market Rebounds as Investors Reactivate Earlier Contracts

Sep 30, 2024

Strong confidence in the offshore vessel market has seen orders placed in the previous market upcycle re-activated to take advantage of renewed investor interest, according to a new report from Maritime Strategies International (MSI).In its…

North Sea Realism in a Busy Market

Aug 28, 2024

The offshore support vessel (OSV) market is very much a global industry where ships frequently mobilize between regional markets. This offers far more opportunities than markets more closely linked to their specific local geography and operational patterns…

Bourbon, Opsealog Form Digital Partnership to Cut OSV Fleet Emissions

Jul 18, 2024

Enhanced fleet monitoring and data-driven optimization will be deployed across Bourbon’s global marine and logistics fleet of 104 vessels as part of partnership with Opsealog, aimed at boosting efficiency and reducing greenhouse gas (GHG) emissions…

Does an OSV Newbuild Boom Loom?

Jun 26, 2024

The market for offshore support vessels has experienced tremendous development in the last couple of years. And while we expect the market to continue its positive journey, we would argue that, at least on an overall basis, the market has already recovered to healthy levels at the time of writing…

Subsea Vessel Market is Full Steam Ahead

Apr 23, 2024

Since our last market update in the subsea space about a year ago both our current market view and forecasts have strengthened significantly.While the demand picture is looking solid and arguing for a strong multi-year upcycle, the supply side…

The APAC Offshore Market: Riding the Wave of Success into 2024 and Beyond

Feb 23, 2024

2023 was the first year of real recovery for owners in the offshore supply market and yet we have barely skimmed the surface of what’s to come.The market is still on an upward trajectory with charter rates accelerating month-by-month, availability changing day-by-day…

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…

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…

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