JANUARY 12, 2016 – Edison Chouest Offshore (ECO) group subsea solutions specialist C-Innovation (C-I) is adding AUVs (Autonomous Underwater Vehicles) to its ROV (Remote Operated Vessel) fleet. It has ordered two HUGIN
JANUARY 6, 2016 — Dubai headquartered seismic vessel operator Polarcus Ltd (OSE: PLCS) today announced that key stakeholders had agreed a restructuring that, it says, will see its balance sheet “significantly improved.”
JANUARY 6, 2016 — Dubai headquartered seismic vessel operator Polarcus Ltd (OSE: PLCS) today announced that key stakeholders had agreed a restructuring that, it says, will see its balance sheet “significantly improved.”
DECEMBER 29, 2015 — China’s Sinopacific Shipbuilding Group reports that its Zhejiang Shipyard has delivered three SPP17A platform supply vessels to the Mexico’s Naviera Petrolera Integral S.A. de C.V. The three PSVs
DECEMBER 29, 2015 — Keppel Offshore & Marine Ltd reports that subsidiaries have secured four contracts from repeat customers worth a total of about S$125 million (about US$89 million). In Singapore, Keppel
DECEMBER 23, 2015 — Houston headquartered Bisso Marine has acquired the offshore pipelay industry’s well-known derrick/pipelay barge Global Iroquois. Originally built in 1973, the 400 ft x 100 ft x 30 ft
The MT 6022 design vessel, built in 2008 by Norwegian shipbuilder Kleven Verft A/S, features three work class ROV’s, a high-load capacity deck, and a Hydramarine main crane with a lifting capacity of 250 tonnes and a wire of 2,450 m. The vessel accommodates up to 120 people, and has a low fuel consumption thanks to its diesel electric power plant.
Rem Offshore ASA said that delivery of the vessel will take place shortly and that the sale will give it a booked profit, and net cash of approx. NOK 200 mill after repayment of debt.
The vessel is presently on a long term charter agreement with DeepOcean Shipping AS. The work scope involves subsea tree and jumper installation in up to 2,000 m water depth. Maersk Supply Service will take over this charter agreement including the option for extensions.
“Being part of a group with a strong balance sheet allows us to take advantage of the opportunities arising in the industry,” says Maersk Supply Service CEO Jørn Madsen. “This acquisition of a quality asset is fully in line with our strategic ambition of growing our subsea fleet and at the same time adds contract coverage during a period of market downturn. The work scope is well related to our area of expertise, and we look forward to working with our long-term customer, DeepOcean, on this operation.”
“Maersk and DeepOcean have a long and successful track record of cooperation on vessel charters, including the most recent long term charter agreement for the new-build Maersk Connector,” says DeepOcean Commercial Director Henk van den Ijssel. “This seven-year agreement for a market leading 7,000 t capacity cable installation vessel, arriving first quarter 2016 and already three contracts secured, shows a dedicated long term commitment from both companies.
DECEMBER 21, 2015 — Atwood Oceanics, Inc. (NYSE: ATW) said today that subsidiaries of the company have agreed with Daewoo Shipbuilding & Marine Engineering Co. (DSME) to delay delivery of two newbuild
DECEMBER 18, 2015 — Oslo, Norway, headquartered international law firm Wikborg Rein says current low oil prices could mean there are bargains to be had for investors in the offshore sector who
According to the filing, “on December 14, 2015, a subsidiary of GulfMark Offshore, Inc. (“GulfMark”) entered into an agreement with Simek AS to delay the delivery of its North Sea vessel under construction in Norway from 2016 to 2017. Under the original agreement, GulfMark’s subsidiary paid 20% of the construction price within three months of contract inception, and was to pay the remaining 80%, or approximately $33 million, in February 2016 upon delivery. Under the new agreement, GulfMark’s subsidiary will take delivery of the vessel in January 2017 and will pay approximately $2 million in the fourth quarter of 2015, approximately $5 million in the first quarter of 2016, approximately $4 million in the second quarter of 2016 and approximately $22 million in the first quarter of 2017 upon delivery of the vessel.”