Offshore Support Journal
PSVs worst hit in North Sea market
PSVs worst hit in North Sea market
Offshore Support Journal June 2015
Broker Seabrokers says vessel owners in the North Sea continue to have a tough time, with conditions well and truly in the favour of charterers. “The PSV sector has been the worst hit,” ...
Bourbon puts vessels  into layup
Bourbon puts vessels into layup
Offshore Support Journal june 2015
Christian Lefèvre, chief executive officer of Bourbon, says market conditions “remain difficult” but says that the company has proactively responded to customers’ ...
Subsea 7 starts 2015 in decent fashion
Subsea 7 starts 2015 in decent fashion
Offshore Support Journal June 2015
Subsea 7 has announced results for the first quarter ending 31 March 2015. Jean Cahuzac, the company’s chief executive officer, said, “Subsea 7 has started the year well compared with the ...
IMCA provides update on CMID
IMCA provides update on CMID
Offshore Support Journal June 2015
The International Marine Contractors Association (IMCA) and the International Institute of Marine Surveying (IIMS) chose the final day of Ocean Business at Southampton in the UK in April to announce ...
Wärtsilä unveils new anchor handler
Wärtsilä unveils new anchor handler
Offshore Support Journal June 2015
A new AHTS vessel design was launched by Wärtsilä at this year’s Sea Asia exhibition. The focus of the new design is on simplicity, efficiency, low fuel consumption and a reduced ...
Seismic supporter delivered
Seismic supporter delivered
Offshore Support Journal June 2015
Maaskant Shipyards Stellendam in The Netherlands has delivered 7-Stars, a seismic support vessel, to Rederij Groen in The Netherlands. 7-Stars joins Rederij Groen’s fleet of almost 30 vessels, ...
Siem Offshore reaches agreement with Daya
Siem Offshore reaches agreement with Daya
Offshore Support Journal june 2015
Siem Offshore has agreed to sell Siem Daya 1 to Daya for US$120 million. In addition, Siem Offshore is entitled to a 60/40 profit share in its favour based on the profit Daya makes on the vessel, ...
GMS expanding rapidly
GMS expanding rapidly
Offshore Support Journal June 2015
Gulf Marine Services (GMS) expects its fleet to grow by two-thirds over the next two years as it takes delivery of new advanced self-propelled self-elevating support vessels (SESVs). Its newbuilding ...
Owners find obtaining finance easier than some
Owners find obtaining finance easier than some
Offshore Support Journal june 2015
Vessel owners operating in the Middle East continue to secure finance and invest in ships despite the low oil price. The long-term contracts that some owners have with state-run and international oil ...
Saudi Aramco aiming to cut costs significantly
Saudi Aramco aiming to cut costs significantly
Offshore Support Journal June 2015
At a recent conference in Singapore, Halul Offshore’s chief executive Vivek Seth said vessel operators in the Middle East were being urged to cut day rates by up to 30 per cent. The operator, ...
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