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The whaling industry put New Bedford on the map long ago by bringing the city commercial success, but in this day and age the focus has turned to offshore wind, in combination with the fishing industry as a way to drive New Bedford’s economy. Civic and business leaders are joining Mayor Jon Mitchell in asking… Read More
BP and EnBW, which are partnered to develop three offshore wind farms in the UK, are joining a project to investigate the use of zero or low-emission support vessels for their wind farms. The project is part of a growing effort looking to apply sustainability to all portions of the lifecycle for the operations of… Read More
Hornbeck Offshore Services, Inc. announced today that it has entered into a definitive vessel purchase agreement with Nautical Solutions, L.L.C., an affiliate of Edison Chouest Offshore, to acquire a total of six high-spec new generation offshore supply vessels (“OSVs”) for an undisclosed amount of cash. Each of the vessels are U.S.-flagged, Jones Act-qualified, 280 class… Read More
DownloadPDF Format (opens in new window) Full-Year 2023 Guidance Forecasted revenue for 2023 of approximately $900 million, an increase of 39.0% compared to full-year 2022 revenue of $647.7 million Forecasted 2023 vessel operating margin of approximately 50.0%, an increase of 11.9 percentage points compared to full-year 2022 vessel operating margin of 38.1% Full-Year 2022 Highlights… Read More
OceanXpress, a joint venture between Damen Shipyards Group and Ampelmann, recently announced a two-year offshore support contract in cooperation with Compagnie Maritime Monégasque (CMM) to Petrobras off the coast of Brazil. The Damen Fast Crew Supplier (FCS) 7011 Aqua Helix, equipped with an Ampelmann S-type system, will transport personnel to and from offshore platforms in support of an Oil… Read More
Boskalis has secured a multidisciplinary role in the development of the Moray West offshore wind farm in Scotland. On behalf of its client, Boskalis will carry out a large number of the activities contributing to the development of this renewable energy project in the coming 12 months. The sizable(1) contract was awarded by Ocean Winds, the 50:50 joint venture between EDP Renewables and ENGIE dedicated to offshore wind energy. The Moray West offshore wind farm is located off the east coast of Scotland… Read More
When Gov. Janet Mills on Thursday released her “roadmap” for the state to develop offshore wind power, much of the focus, naturally, was on where the map headed. The aim is to create floating platforms topped with wind turbines, which capture the Gulf of Maine’s consistent sea breezes and generate electricity, helping to meet Maine’s… Read More
The Biden administration announced initiatives yesterday to prepare states for floating offshore wind — a young but fast-emerging type of power that some say could revolutionize renewables on the West Coast. The plans from the White House, Department of Energy and other federal agencies include a 20-month study on how to build out transmission networks… Read More
Seaway7 and Saipem have announced a commercial collaboration agreement to identify, bid and execute bottom-fixed offshore wind projects. Under the agreement, the companies will pursue selected projects “where the combined utilisation of the companies’ complementary world-class assets, technologies, products and competencies will generate significant synergies and improve project economics.” The companies will cover activities such… Read More
Damen Shipyards Group is currently delivering two HVDC (High-Voltage Direct Current) offshore transmission projects at Damen Shipyards Mangalia, both of which are being constructed under contracts with Aker Solutions as the main EPCI contractor. Work began last year and, with assembly and outfitting commenced, the first is due for delivery in the first half of 2023 and… Read More
Bourbon and Horizon Maritime announces a new joint venture, Bourbon Horizon AS, dedicated to providing leading marine services and operations, focusing on the North Sea and Canadian offshore markets. Incorporated in Norway, the new company is strategically positioned in Fosnavåg (Norway) and St. John’s (Newfoundland and Labrador, Canada), with a base fleet of seven modern… Read More
Dutch authorities during a press briefing on Monday accused Russia of spying on western assets including the Netherlands’ offshore wind farms as part of a broader effort to potentially sabotage European infrastructure. The briefing followed warnings from the Dutch Ministry of Defense and intelligence agencies in 2022 that not only infrastructure such as gas pipelines… Read More
Home » Strategic Marine signs MOU for three Brevity-class Hybrid Crew Transfer Vessels with HST Marine Deal builds on recent contract to build four hybrid Crew Transfer Vessels for the UK-based offshore vessel owner-operator First in the series of Chartwell Marine’s 27m catamaran design from its new offshore wind support vessel range All vessels scheduled for delivery… Read More
Duke Offshore Limited has been awarded a contract for it’s vessel Duke Express. The Contract has been awarded by a multinational corporation and will be executed in The Republic of Maldives where the vessel will provide support for dredging operations. The vessel will be relocated abroad and the contract will commence in March 2023 for… Read More
The global Offshore Support Vessels market size was valued at USD 6767.12 million in 2021 and is expected to expand at a CAGR of 3.32% during the forecast period, reaching USD 8231.48 million by 2027. Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Offshore Support Vessels Industry…. Read More