New OSV giant emerges from Norwegian mega merger
JUNE 21, 2017 — With the completion a series of transactions announced February 6, a large new high-end offshore service vessel (OSV) company —Solstad Farstad ASA— has emerged from the merger of
OSV
LNG-fueled OSV to replace one generator with batteries
MAY 26, 2017 — Wärtsilä has signed an agreement with Eidesvik Offshore to install a hybrid system with batteries on board of its vessel Viking Princess. It will become the first offshore
Tidewater: Business as usual as waiver expires
MARCH 28, 2017 — Offshore service vessel provider Tidewater Inc. (NYSE: TDW) announced today that the latest waiver of covenant default from its lenders and noteholders expired in accordance with its terms
Key players sign off on OSV sector mega merger
MARCH 24, 2017 — The major players have now signed off on the statutory next step in the plans that will see Solstad Offshore ASA, Farstad Shipping ASA and Deep Sea Supply
VesselsValue: 2017 to see record OSV deliveries
MARCH 8, 2017 — Figures from VesselsValue indicate that the oversupply of vessels in the offshore services industry is set to get a lot worse. VesselsValue says that 2017 will be a
Norwegian players plan OSV sector merger
FEBRUARY 6, 2017 — With tough times persisting in the offshore services sector, stakeholders are planning a three way merger of Solstad Offshore, Farstad Shipping and Deep Sea Supply. What will emerge,
Hornbeck gets extension of blocking vessel contract
SEPTEMBER 30, 2015 – Hornbeck Offshore Operators LLC, Covington, LA, is being awarded a $28,056,820 modification under a previously awarded firm-fixed-price contract (N62387-15-C-2507) to exercise a one-year option period for the operation
Maersk Supply to shed vessels, cut 400 crew jobs
AUGUST 18, 2016 — Maersk Supply Service says it will reduce its fleet by up to 20 vessels and reduce its crew pool by 400 offshore positions. Maersk Supply Service says the
Cat Marine hybrid thruster: more power, less fuel
MAY 24, 2016 — Engineering specialists at Caterpillar Marine’s new Marine Solutions Center are this month overseeing delivery of the first Cat Marine Hybrid Thruster system. It is being delivered to an
Third LNG fueled PSV goes to work for Shell in Gulf
MAY 10, 2016 — Shell Offshore Inc. today took delivery of its third liquefied natural gas (LNG) fueled offshore supply vessel (OSV) in Port Fourchon, LA. Chartered from Harvey Gulf International Marine,