PSV to get batteries and a five year Statoil contract

JUNE 27, 2017 — A SolstadFarstad ASA platform supply vessel is to be installed with an energy storage system, gaining it the DNV-GL notation “Battery Power.” The upgrade is being made under

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 fleet’s DCF value is 2.5 times its market value

MAY 8, 2017 — The global OSV fleet’s Discounted Cash Flow (DCF) value is currently $79.9 billion, or 2.5 times higher than its current market value of $30.9 billion, according to VesselsValue

DOF sells 2001-built UT755L

FEBRUARY 28, 2017 — DOF ASA has sold its 71.9 m UT755L PSV vessel Skandi Waveney, delivered by the shipyard in 2001, to a company outside Norway and not engaged in the

Farstad Shipping vessels win charter contracts

FEBRUARY 27, 2017 — Norway’s Farstad Shipping ASA has been awarded a number of charter contracts that, says CEO Karl-Johan Bakken, show its ability to to efficiently and safely return vessels from

REM and Solstad agree to merge

JULY 28, 2016 — As tough times in the offshore services sector continue, Norway’s Solstad Offshore ASA and REM Offshore ASA have agreed to merge. a “triangular merger” under Norwegian law, REM

GulfMark sees “early signs of encouragement”

JULY 27, 2016 — Houston headquartered GulfMark Offshore, Inc. (NYSE:GLF) has reported results of operations for the three- and six-month periods ended June 30, 2016. For the quarter, revenue was $30.5 million,

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,

PSV newbuild being transformed into expedition yacht

APRIL 27, 2016 — A Vard 1-08 currently under construction at one of Vard’s Norwegian shipyards is being offered for sale not as PSV, but as a high end expedition yacht. The

Deep Sea Supply PSVs find work

APRIL 25, 2016 — John Fredriksen controlled Deep Sea Supply has been awarded a clutch of platform supply vessel contracts. They include a contract for two years firm, plus three yearly options,

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