Platform Support Vessel News

Norwegian company that specializes in the distribution of fish feed Eidsvaag has contracted Damen to convert platform supply vessels (PSV) into highly demanded fish feed carriers.Damen Shiprepair Amsterdam (DSAm) is converting a platform supply vessel into a fish feed carrier that will improve efficiency and sustainability in the Norwegian aquaculture industry.“One of the main things that made Damen stand out as a strong candidate in the tender process was their previous experience with the vessel,” explains Vidar Eidsvaag, general manager and owner at Eidsvaag. The vessel, now renamed Eidsvaag Opal, was part of a six-vessel order Damen built for the offshore supply company…

Cyprus-based company active in the oil and gas industry S.D Standard Drilling signed Memorandum of Agreement (MoA) to sell one  large Norwegian built Platform Supply Vessel (PSV), Standard Supporter for USD 15 million.The transaction was completed yesterday (10 December 2019). S.D Standard Drilling Plc. has, through its subsidiary, Standard Supporter AS, received the transaction amount in full. Following the sale, the Company will control, directly and indirectly, a fleet  of 13 PSVs ; four large PSVs 100% owned and nine medium-sized PSVs with approximately 26% ownership interest, including one vessel on a bare boat contract.The company sold one UT 776 CD PSV  vessel, Standard Supporter, for USD 15 million last month.

MMA Offshore, the provider of marine solutions and expertise to the offshore oil and gas industry, has been awarded a number of new contract awards and extensions.AGR Australia has awarded MMA a two-vessel contract supporting the Noble Tom Prosser Rig as part of the Victorian government’s CarbonNet Project, said the Australian company.The contract is expected to start late this month with a duration of about 45 days, the owner and operator of 30+ offshore supply vessels said.Esso Australia Pty Ltd has awarded MMA a three-vessel contract, also supporting the Noble Tom Prosser Rig and commencing in direct continuation of the AGR contract.

Norwegian offshore service and supply ship shipping company Solstad Offshore said that its wholly owned subsidiary Farstad Supply AS has sold the platform supply vessel (PSV) Far Swift.Delivery of the 2003-built vessel to the new owner took place October 31st, 2019, said a press note.The sale of the vessels will have a minor positive accounting effect for 4Q 2019, it said.Farstad Supply AS manufactures and supplies offshore vessels. The company offers anchor handling tug, platform supply, and sub-sea vessels for material transportation, as well as provides logistic services.

Norwegian offshore support vessels company Simon Mokster Rederi said that it has sold the 3,000-dwt platform supply vessel (PSV) Stril Neptun to Greek interest for work outside the offshore shipping segment.Stril Neptun was delivered back in 1999 and has served long contracts as combined standby and supply on the NCS for Exxon (now Vår Energi), Equinor and BP/Aker BP for many years.The vessel is delivered to the new owners and will head to the Mediterranian early November, said a press note."Møkster is grateful to all seafarers, office personnel and other parties having had work related to the vessel for almost 20 years," the release said.

Offshore wind farms service provider has signed a long-term charter contract agreement with Ørsted, to deliver the world’s first hybrid powered Surface Effect Ship (SES) to Borssele 1 and 2 offshore wind farms.The agreement between Ørsted and CWind, part of the Global Marine Group, covers an initial three-year firm charter with options available for a further two years.The Hybrid SES crew transfer vessel will be operating from the Dutch port of Vlissingen, to Borssele 1 and 2, located 23km from the Dutch coast in the North Sea.The development of the Hybrid SES for use as a crew transfer vessel is in response to an industry-wide push to develop and deploy innovative technologies that reduce CO2 emissions…

Topaz Energy and Marine, the offshore support vessel company providing marine solutions to the global energy industry, and ABS have, together with the State Maritime Agency under the Ministry of Transport, Communications and High Technologies of the Republic of Azerbaijan (ASMA), announced the implementation of a pioneering project enabling a condition-based survey approach."This achievement, which resulted from the visionary approach between Topaz, ABS and ASMA, marks a significant step in Topaz’s journey to transform its fleet to a condition-based class model," said a press note from ABS, the provider of classification and technical advisory services to the marine and offshore industries.The entry of Caspian Voyager…

Norwegian offshore service and supply ship shipping company Solstad Offshore said that its subsidiary Farstad Supply has sold the platform supply vessel (PSV) Far Star.1999-built Brazilian-flagged was sold to an undisclosed buyer.The delivery of the vessel to the new owner took place on Tuesday, August 6, said Solstad Offshore.Solstad added that the sale would have an immaterial accounting effect for the third quarter of 2019.Solstad Offshore now has 60 platform supply vessels in its fleet.

Norwegian offshore supply vessel provider Golden Energy Offshore (GEO) named two platform supply vessels (PSVs).The company's CEO Per Ivar Fagervoll said that the sister vessels Energy Empress and Energy Duchess were named on 29 June 2019. The naming ceremony was held on board the Energy Empress beneath the Seven Sisters waterfall in the Geiranger fjord.The vessels have been built at the Nantong Rainbow Offshore & Engineering Equipments Co., Ltd (ROC) yard, China.The platform supply vessels have been designed by Ulstein Design & Solutions AS and are based on Ulstein’s PX121 design. According to Ulstein, a total of thirty PX121 vessels have been built so far.Fagervoll said…

Singapore-based offshore vessel operator Pacific Radiance has won an arbitration award against a Chinese shipyard in a case involving two cancelled platform supply vessels (PSVs).The arbitral award provides for the refund of the pre-delivery instalment amounting to $2.8m along with contractual interest from the date of payment of the instalments until the date of refundThe arbitration case began in November 2016 when Pacific Radiance’s joint venture firm CA Offshore Investment Inc (CAOI) filed claims against Shanghai Waigaoqiao Shipbuilding & Offshore Co and China Shipbuilding Trading (Shanghai) Co in the Hong Kong International Arbitration Centre (HKIAC)…

Norwegian offshore service and supply ship shipping company Solstad Offshore has been awarded contracts for two platform supply vessels (PSVs) in Norway.Solstad said in a press release that Wintershall Dea had awarded a 10-well firm plus options contract to support its West Mira rig drilling campaign. The contract duration is estimated to be 30 months.Commencement of the contract will take  place in August/September 2019, and will be covered by the large PSVs Normand Falnes ((VS 485 MkII, built 2011) and Normand Naley (VS 485 MkII, built 2011).Normand Falnes is currently being reactivated from layup and have also been secured by Vår Energi for a 1 well (Approximately 80 days) contract to support their Scarabeo 8 drilling operation in the Norwegian Sea…

The offshore support vessel provider for the global oil and gas industry, K Line Offshore has sold one of its platform supply vessels (PSV) to Gard Supply AS.The Norway-based offshore division of Japan's K Line said that the the 2004-built PSV KL Arendalfjord is its very first ship."A Protocol of Delivery and Acceptance was signed and KL Arendalfjord was delivered by K Line Offshore AS(KOAS) to Gard Supply AS in Tønsberg, Norway," said the press release from the shipowning and operating company with high end PSVs and two of the world's most powerful AHTS. KL Arendalfjord was delivered from Vard, Brevik in 2004 and acquired through a long term bareboatcharter by KOAS in 2009.The vessel is the UT755L-type with deck area of 680m2.

New World Supply, where S.D. Standard Drilling (SDSD) has an ownership of 26.2 percent, has completed a sale of its remaining four medium sized platform supply vessels (PSVs).The NWS vessels, "World Diamond", "World Peridot", "World Pearl" and "World Opal , have been in lay-up in Norway since October and November 2016. last year, the company  completed a sale of two of its six medium sized platform supply vessels (PSVs).According to the Cyprus-based company, the transaction is completed and the purchased price has been fully paid for all four vessels. All terms have been agreed and there are no further conditions.The transaction is done…

Bermuda-headquartered platform supply vessels (PSVs) operator Nordic American Offshore (NAO) announced that it has completed the previously announced acquisition of thirteen vessels from Scorpio Offshore Holdings Inc.Emanuele A. Lauro, Chairman and Chief Executive Officer, commented “With the completion of this acquisition and the first drawdown under our Equity Line, NAO has achieved critical short-term milestones of reducing our financial leverage and increasing our liquidity. We will now turn to our immediate operational goals which include the employment of our entire North Sea fleet within the month of May."The acquisition was done for 8,126,219 common shares at $2.7774/ share.

Bermuda-based company Nordic American Offshore (NAO) announced  that it has reached agreement with the lenders under the Company's $150 million  Revolving Credit Facility, dated March 16, 2015 pursuant to which the lenders have agreed, upon satisfaction of certain conditions precedent by the Company, to the extension of waivers up until January 31, 2020.The owner and operator of platform supply vessels (PSVs) said in a press release that it has also announced that the lenders have committed, upon satisfaction of certain conditions precedent by the Company, to a new $ 132.9 million term loan facility with maturity of December 6, 2023 to refinance the Credit Facility…

The Belgium-based NHV group, which is specialized in B-to-B helicopter services and has a strong geographic presence in Europe and Western Africa, said that it has signed new contract with Ørsted to provide helicopter services in support of the Borssele 1+2 Offshore Wind farm.The oil and gas industry focused helicopter services provider said that the operations are expected to start in May 2020. Flights will depart from NHV’s base in Zeeland to the Borssele Wind Farm, located 23 kilometres from Westkapelle in front of the Dutch coast.NHV will support this project utilizing the H145 aircraft, the latest Airbus Helicopter 4-tonne-class twin-engine rotorcraft.

South Korean shipbuilder Samsung Heavy Industries (SHI) has successfully completed the processing platform (P1) for Johan Sverdrup Field development and delivered it to Equinor according to the scheduled delivery date stated in the original contract.SHI has secured Contract worth 650 billion won ($ 5.84m) from a Norwegian energy company Equinor in 2015 to build the large oil production platform, measuring 136m long, 69m wide and 72m high, and weighing 28,100 tonnes.Reflecting the ‘Lessons Learned system’ developed from its previous experiences in large-scale offshore projects such as Shell Prelude FLNG, Egina FPSO, etc., SHI has been able to minimize potential risks in advance…

Associated British Ports (ABP) said that its Port of Lowestoft welcomed the Platform Supply Vessel (PSV) the Skandi Captain this week on its maiden call to the port.The visit is the latest in ABP’s partnership with Peterson UK Limited, the major logistics and service provider to the offshore energy industry.The Skandi Captain is the 50th additional call to Lowestoft since the Peterson agreement which was signed in January 2019, bringing vessel visits into the inner harbour on an almost daily basis and the number of additional calls is expected to grow even further.ABP’s ongoing investment in its infrastructure, coupled with the Port of Lowestoft’s key location…

Bermuda-headquartered Nordic American Offshore (NAO) has been awarded a two-year fixed contract for the Platform Supply Vessel (PSV) built in 2015, 'NAO Viking'.Commencement will be about mid-December 2018. The contract also grants the customer two one-year optional periods after the initial firm period, said a press release from the owner and operator of platform supply vessels in the North Sea'NAO Viking' will be operating primarily in the North Sea for a first class company.  This contract has been concluded with one of the Company's regular customers.The contract is securing steady employment and contribution for 'NAO Viking'.Two days ago, NYSE-listed offshore support vessel owner Scorpio Group took control of NAO, via a private placement into company’s shares worth $5 million.

The underwater mineral exploration company headquartered in Toronto Nautilus Minerals Inc. is currently negotiating the terms of an agreement with arm's length third parties that would involve the creation of a new joint venture company - Vessel JV - to be owned by the third parties and Nautilus’ subsidiary, Nautilus Minerals Niugini Limited (NMN).The purpose of the Vessel JV would be to fund the acquisition of the Production Support Vessel (PSV) that Nautilus had previously arranged to be procured through MAC Goliath Pte Ltd (MAC) and the integration costs of installing the mining equipment on the PSV.The Vessel JV would own and operate the fully integrated PSV.

Swiss-based offshore contractor has hired two platform supply vessels (PSVs) from Norwegian offshore shipping company Solstad Offshore.Norwegian offshore service and supply ship shipping company said in a press release that Allseas contracts are for two PSVs, “Normand Naley” (2011, VS 485) and “Sea Supra” (2014, PX105), for pipe-haul duties.Both contracts are for 70 days firm plus options with commencement first half of December 2018, said the release.Solstad have a modern and competitive fleet consisting of 141 vessels. Allseas owns and operates a state-of-the-art fleet of specialised heavy-lift, pipelay and subsea installation vessels designed and built in-house.

The Belgian dredging and hydraulic engineering group DEME NV said that its newest, self-propelled DP2 jack-up vessel ‘Apollo’ was officially named in the port of Zeebrugge, Belgium on February 21.The ceremony was performed by Olympic, World and European Champion heptathlon Nafi Thiam, according to a press release.One of the exceptional features of the ‘Apollo’ are its extremely long lattice legs of 106.8 m, which allow the vessel to jack-up in water depths up to 65 m. The vessel is equipped with an 800-tonne, leg-encircling crane and has an unobstructed, spacious 2000 m² deck with a load carrying capacity of 15 t/m².“We are truly honored to have heptathlon champion Nafi Thiam as the godmother of our newest vessel…

The offshore marine support vessels operator Seacor Marine Holdings announced it has entered into definitive agreements to acquire three platform supply vessels (PSVs) from Cosco Shipping Heavy Industry, an affiliate of Cosco Shipping Group, the world’s largest ship owner.Aggregate consideration for the vessels will be approximately $46 million, of which 30% will be paid in cash and 70% will be paid under a four-year deferred payment agreement between Seacor   Marine and Cosco Zhoushan.Half of the cash payment will be funded in the first quarter of 2019 with the balance per vessel to be paid upon physical delivery of each vessel. The parties currently expect the vessels to be delivered on September 30…