Singapore's Strategic Marine has delivered a 42-meter Fast Crew Boat (FCB) for Centus Marine Sdn Bhd. The handover ceremony for the first of a pair of FCB's took place on June 24, 2021 at Strategic Marine’s Singapore shipyard.The vessel, named Centus Nine…
Temasek-backed Singapore conglomerate Keppel Corp and smaller rival Sembcorp Marine are exploring a potential tie-up which would see them combine their struggling offshore and marine (O&M) businesses after years of losses in an industry downturn…
Singapore's Strategic Marine has secured an order to construct two fast crew boats for Centus Marine.'This is the fifth and sixth vessel built by Strategic Marine for Centus Marine and follows the delivery of a 40m FCB in February 2021,' Strategic Marine…
U.S. offshore support vessel company Tidewater has announced the promotion of two key members of the company’s executive team, Sam R. Rubio and David E. Darling, to the positions of Chief Financial Officer and Chief Operating Officer, respectively…
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…
Shipbuilder Strategic Marine has delivered a Fast Crew Boat (FCB) to offshore support vessel owner Centus Marine.The 40-meter vessel, named Centus Eight, was built in Singapore. According to Strategic Marine, during the sea trials the vessel achieved a top speed in excess of 30 knots…
Satellite communications company Inmarsat said it has secured a fleet-wide agreement with Tidewater to upgrade the majority of the offshore support vessel (OSV) owner's active fleet to Fleet Xpress, complete with advanced vessel technology efficiencies…
With increased time in layup and outdated tonnage, surely after all that has occurred in 2020 it’s about time for the offshore support vessel (OSV) sector to address the long standing elephant in the room. This article will focus on platform…
Malaysian offshore supply vessel operator Centus Marine has ordered a 40 meter Fast Crew Boat from Strategic Marine.Delivery is scheduled for January 2021 at Strategic Marine’s Singapore yard, and the vessel will serve the Malaysian offshore oil and gas sector…
Norwegian oil and gas firm Vår Energi has chartered two offshore support vessels, which the company says will help it reduce environmental footprint.One is the Olympic Energy platform supply vessel, owned by Olympic Shipping, the other is Tidewater's 2012-built Troms Sirius platform supply vessel…
Offshore support vessel (OSV) owner Tidewater Inc. announced Wednesday the appointment of Darron M. Anderson to its Board of Directors, effective immediately.Anderson has served as President and Chief Executive Officer and as a member of the…
Danish offshore vessel owner Maersk Supply Service has named Mark Andrew Handin as new Chief Operating Officer. Handin will join from Tidewater, another offshore vessel operator, where he currently works as VP of Operations.Handin, who has over…
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…
The offshore supply vessel (OSV) industry has emerged from its 2017 trough, thanks in large part to a slight shrinkage of the active fleet, a string of debt restructurings, improved cost management, and an uptick in drilling activity in a few regions…
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…
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