Lenders give Tidewater more time
NOVEMBER 11, 2016 — Offshore service vessel giant Tidewater Inc. (NYSE: TDW) has gotten another reprieve from its lenders — until January 27, 2017. It has been in ongoing discussions with its
offshore service vessel
Havila sells PSV for aquafarming operations
OCTOBER 17, 2016 — Norway’s Havila Shipping ASA has agreed to sell the 73.4 m VS 470 MK-II design PSV Havila Princess to P/F Bakkafrost, Faroe Islands. Havila Princess, delivered from Kleven
Topaz: One OSV operator with profitable first half
AUGUST 26, 2016 — Dubai headquartered offshore support vessel specialist Topaz Energy and Marine has turned in a result for the first half of 2016 that’s in happy contrast to most others
PSV to be converted to wind farm service vessel
The vessel, the Vestland Cygnus, will be given a 134 person accommodations module, a 100 t/40 m offshore crane and a new walkway system for boarding of wind turbines. Additionally 1.2 m sponsons will be added on either side of the vessel.
The converted vessel will have SPS (special purpose ship) class notation.
The design for the conversion is being provided by Wärtsilä, which provided the original design for the vessel and also supplied a complete electric propulsion system based on the Wärtsilä Low Loss concept with four Wärtsilä 20 engines, as well as an integrated automation system.
Following completion of the rebuild project by the shipyard, the Vestland Cygnus will transport service personnel to and from wind farms. It will be operated by Vestland Offshore, a Norway based offshore service vessel operator.
The conversion is scheduled to be completed by June 2016.
“We have developed several concepts for wind farm service vessels, both for newbuilds and conversion projects, and our design is very suitable for this vessel’s new operational profile. We have also worked closely with the Fjellstrand yard for many years on numerous projects and the cooperation between our companies is excellent,” says Ove Wilhelmsen, Managing Director, Wärtsilä Ship Design, Norway.
“The new design will enable the transportation and accommodation of a high number of people. It is important that the vessel has very good stability, even in the most challenging sea and weather conditions, so that personnel can safely board rigs or wind mills. We are confident that the Wärtsilä design meets all our requirements,” says Hans Martin Gravdal, owner of Vestland Cygnus.
Dynamic positioning incident prompts safety alert
FEBRUARY 24, 20015 — An dynamic positioning incident involving a loss of position by an offshore supply vessel (OSV) during a critical operation has prompted the U.S. Coast Guard and the the
Rolls-Royce packages ordered for two more Chellsea PSVs
MARCH 24, 2014 — Rolls-Royce is to provide integrated design and equipment packages for two more offshore supply vessels to be built at COSCO (Guangdong) Shipyard Co., Ltd in China for Singapore
Mermaid Marine Australia to buy Jaya businesses
FEBRUARY 25, 2014 — Fremantle, Western Australia, headquartered Mermaid Marine Australia has agreed to pay Singapore $625 million (about US $495 million) to buy the entire issued and paid up share capital
Impairment charges hit Tidewater net earnings
FEBRUARY 5, 2014 — The most recent Annual Report from offshore services giant Tidewater Inc. (NYSE:TDW) was full of all sorts of imagery of runners, with the one sporting the company’s logo
Tidewater reports a red ink quarter
Offshore service vessel giant Tidewater Inc. (NYSE:TDW) reported a second quarter net loss for the period ended September 30, 2011, of $4.9 million, or $0.09 per share, on revenues of $250.9 million.
Tidewater warns that second quarter revenues will take a hit
Offshore service vessel giant Tidewater Inc. (NYSE:TDW) says that fiscal second quarter financial results for the three months ending September 30, 2011, are currently expected to reflect vessel revenues that are below