Singaporean shipbuilder Strategic Marine has delivered a crew transfer vessel (CTV) to Taiwan as part of a contract with Ventus Marine for two vessels.The 27-meter Z-Bow vessels, designed in collaboration with naval architect BMT, incorporate cutting-edge marine engineering and technology.They are tailored to excel in the demanding environments of offshore wind operations, with features including CPP propulsions…
Green Marine UK is poised for growth as one of the most experienced players in the UK’s rapidly expanding marine energy sector, as studies underscore the potential of wave and tidal technologies.With a track record delivering complex marine operations…
GLO Marine and VMS Group Denmark have secured a multi-vessel retrofit work for offshore support vessel operator Tidewater, expanding their role in the offshore energy sector.Covering 16 vessels across three continents, including several in U…
Singaporean aluminum boat builder Strategic Marine has delivered another fast crew boat (FCB) to Truth Maritime Services (TMS) in Thailand.Following the successful handover of the first two Gen 4 FCBs, TMS RANOD and TMS RAMAN, in 2024, these…
Tidewater has announced that its net income for the 12 months ended December 31, 2024 was $180.7 million, compared to $97.2 million for the previous year.The company’s revenue for the three and 12 months ended December 31, 2024 of $345.1 million and $1…
Five of Canada’s largest energy-focused industry associations have formed a joint working group to support the push against the threat of a 25% tariff on all Canadian goods from the incoming U.S. President, Donald Trump.The Canadian Association of Petroleum Producers (CAPP)…
Companies seeking to claim proceeds from a court auction of shares in a parent of Venezuela-owned Citgo Petroleum are pressing a U.S. court to lift an exclusivity deal with an affiliate of Elliott Investment Management, which could pave the way for at least two new bids…
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…
Centus Marine, a Malaysian operator of fast crew boats, has selected Singaporean shipbuilder Strategic Marine to build the next generation of high-speed personnel transfer vessels, developed by AIRCAT.The new vessel, developed in partnership…
Singaporean shipbuilder Strategic Marine has signed a contract with Venus Marine for the construction of four Crew Transfer Vessels (CTVs) for operations in Europe and Taiwan.This project is the result of a collaborative effort with renowned design firm BMT Limited…
Ports in the UK such as Aberdeen serve as vital gateways to the offshore energy supply chain, providing services from surveying and construction to operational support, maintenance and decommissioning for oil and gas platforms and renewable energy installations all around the UK coastline…
An offshore wind industry is growing in the U.S. with an aim to meet the Biden Administration’s goal of 30 gigawatts (GW) of offshore wind by 2030, and eventually 110 GW by 2050.But as is the case for any new industry that is building up, there are going to be bumps along the way…
Tidewater Inc., the world's largest fleet operator in the offshore support vessel (OSV) industry, has signed a Global Value Agreement (GVA) with engine manufacturer Caterpillar to ensure comprehensive parts, service, monitoring and maintenance…
Port of Aberdeen said Thursday it had been awarded funding from the UK Government for a multi-million-pound project to design and deliver the first large-scale landside and vessel-side shore power system in Scotland.'The demonstrator project…
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…
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