Siem Offshore wins multiple contracts worldwide
APRIL 21, 2017 — There are offshore support vessel contract opportunities in many places besides the North Sea and the Gulf of Mexico — for those who can provide the right vessel
offshore support vessel
Sinopacific delivers its first Mexican market PSVs
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
Report projects OSV demand will grow 75% by end of 2020
That’s heartening news for Offshore Support Vessel (OSV) operators such as Tidewater, Edison Chouest, Bourbon, Hornbeck Offshore, Seabulk and Maersk, which are dealing with the current challenging offshore oil and gas market. In a presentation at the recent Johnson Rice 2015 Energy Conference, Tidewater reported it had 38 vessels stacked as of the end of June. It has also announed plans to scrap 11 older vessels.
In its most recent monthly report, Baker Hughes reported that there were 29 drilling rigs operating in the Gulf of Mexico, down from 59 a year ago.
Mordor Intelligence’s report, the Global Offshore Support Vessel Market, focuses on the market sectors by vessel type, including Anchor Handling Tug/Anchor Handling Towing Supply Vessels (AHT/AHTSs), Multi-Purpose/Multi-Role Supply Vessels (MPSV), Platform Supply Vessels, Construction Support Vessel (CSV), Specialty Vessels and others. It also breaks down activity by region: North America, Europe, the Asia-Pacific (APAC), South America and Middle-East & Africa (MEA). The report analyzes and projects the market share of each region for the next 5 years.
Most promising regions for OSV market are the Gulf of Mexico, Brazil, West Africa, the North Sea, South East Asia, the Middle East and Asia. Mordor Intelligence estimates that major part of the demand will be for AHTS, PSVs, and seismic research vessels.
As oil and gas explorations move towards deeper waters, explains Mordor Intelligence, multi-functional offshore support vessels are now called upon to perform different tasks, and have created various niches or categories within the market. Present day offshore support vessels are equipped with increased cargo capacity, panoramic navigation bridge visibility, large accommodation spaces, enhanced crew amenities and state-of-the-art propulsion and automation systems.
According to Mordor Intelligence, AHTS vessels comprise a 56% of the market share, followed by Platform Support Vessels. Inspection, Maintenance and Repair (IMR) Vessels are generally equipped with large accommodation spaces, heavy lift cranes, helidecks and streamlined bow forms for operation in harsh environments. Vessels specialized for multi-tasking carry out maintenance and repair operations on platform facilities, as well as subsea pipelines and equipment.
Tough quarter for Tidewater
AUGUST 11, 2015—Amid the challenging oil market conditions, offshore support vessel owner Tidewater Inc., New Orleans, LA, reported a first quarter net loss for the period ended June 30, 2015, of $15.1
Report raises questions on OSV industry safety culture
JUNE 12, 2015 — According to a report commissioned by ClassNK subsidiary Helm Operations, some 50% of crews working on offshore support vessels are willing to compromise safety rather than say “no”
GulfMark Offshore stock under pressure
FEBRUARY 18, 2015—In what is expected to be a challenging year for offshore support vessel operators, investment banker Cowen and Company has put out a “Market Perform” rating on the shares of
Island Offshore orders another at Vard
OCTOBER 3, 2014 — Island Offshore, in which the Chouest and Ulstein families are partners, has placed an order with shipbuilder Vard for an 86 m x 18.5 m offshore support vessel.
Cat offers part load kits for MaK M 32 E engine platform
SEPTEMBER 16, 2016 — Caterpillar Marine has introduced optional part load kits for the MaK M 32 E platform. Developed specifically for offshore vessels, the kits are available for both constant speed
SCA President to discuss shipbuilding outlook
JULY 18, 2014—Marine Log is pleased to announce that Matthew Paxton, President of the Shipbuilders Council of America (SCA), has joined the line up of prestigious presenters for Marine Log’s All About
VARD acquires STX Marine
JULY 5, 2014—Leading offshore vessel designer and builder VARD, a Fincantieri company, has strengthened its presence in the North American market with the acquisition of STX Canada Marine, Inc., for NOK65 million