Fortress’ FTAI Sells Two Offshore Energy Vessels for $143M
FTAI Aviation, part of Fortress Transportation and Infrastructure Investors, has sold two of its remaining offshore energy vessels for approximately $143 million.FTAI Aviation sold the Pioneer DP2 subsea support vessel and the Pride DP3 offshore well intervention vessel to an unnamed customer.The M/V Pioneer, built in 2011, is a DNV classed vessel fully SPS compliant, with an overall length of 82 meters and breadth of 20 meters and provides over 700 square meters of clear deck space.It is equipped with a 50-ton constant tension subsea crane…
Misunderstanding General Average Concepts Could Harm Offshore Operators
At a recent seminar in London organized by the International Underwriting Association of London (IUA) and the Association of Average Adjusters (AAA), participants heard how ignoring or not fully understanding the concept of General Average (GA) when concluding charter-party contracts for offshore services could cause problems in the event of an incident or accident.Michiel Starmans, a Fellow of the AAA and Director Legal Department of the Spliethoff Group and Alf Inge Johannessen…
Strategic Marine Bags Six Vessels Construction Order, Lines Up Six More
Singapore-based shipbuilder Strategic Marine has signed a significant contract with Mainprize Offshore for the construction of six Supa Swath vessels, with an option for an additional six vessels.The Supa Swath vessels are designed to meet support a wide range of maritime activities, including transportation, offshore support, and research.The first of the six Supa Swath vessels is expected to be delivered in the first quarter of 2026.With the firm six vessel order, Mainprize Offshore would have effectively increase their fleet size to 17 strong by end 2026…
NES to Equip OMV’s New Field Support Vessel for Neptun Deep Project
Norwegian Electric Systems (NES) has secured a contract to develop and deliver the complete energy design, an integrated automation system and its future-oriented bridge system for a Field Support Vessel, being built by Green Yard Kleven for Romania’s OMV Petrom.NES will supply frequency converters and electric motors for the propulsion system, battery system, transformers and its proprietary Quadro Master switchboard – a DC power distribution switchboard that enables the use of variable speed generators.The Quadro Master is supported by NES’ Odin’s Eye…
OMV Petrom Orders Field Support Vessel for Black Sea Gas Field
Romanian integrated energy company OMV Petrom has signed a shipbuilding contract with Green Yard Kleven for the construction of a Field Support Vessel that will operate for the Neptun Deep project.Neptun Deep is the largest natural gas project in the Romanian Black Sea and the first deepwater offshore project in Romania, under development, with expected contribution to the country’s security of energy supply.The assignment starts immediately, and the ship is to be delivered in the second half of 2026.The ship will operate for an unmanned gas platform in the Black Sea…
MSI: Offshore Vessel Market Rebounds as Investors Reactivate Earlier Contracts
Strong confidence in the offshore vessel market has seen orders placed in the previous market upcycle re-activated to take advantage of renewed investor interest, according to a new report from Maritime Strategies International (MSI).In its third quarter offshore support vessel (OSV) sector report MSI notes that of the 17 vessels delivered to date in 2024, 13 were ordered more than a decade ago, leaving just over 50 vessels still pending from the previous upcycle, some of which…
ClassNK Greenlights Multi-Functional Floating Wind Support Vessel Design
ClassNK has awarded an approval in principle (AiP) for the design of a multi-functional floating offshore wind farm support vessel (MFSV) developed by K Line Wind Service, together with Japan Marine United Corporation, and Nihon Shipyard.The MFSV is designed to perform full moorings work scope for the installation of floating offshore wind turbines, including transportation, deployment and anchor tensioning of the mooring system.According to the companies, the vessel also features a multi-functional concept…
Will 2024 be the Year of AHTS Recovery?
As 2023 is drawing to a close we would once again invite the readers of Offshore Engineer Magazine to gaze into our crystal ball to see what 2024 might have in store for the offshore support vessel industry. Before diving straight into our forward-looking sentiments however, it is important to address some of the main trends in the year that past as these lay the foundation for the year to come.Continuing the market development from the year before, 2023 very much advanced the ongoing recovery for offshore support vessels further.
