Offshore Shipping Online

A publication for the offshore shipping industry published by Clarkson Research

  • Offshore Intelligence Monthly
  • Menu

    Broker reports on newbuilding activity

    News // October 10, 2003
    Offshore Shipbrokers Ltd (OSL) says a North Sea market described by the local press as "the biggest downturn in the market for 25 years" has not stopped owners taking advantage of competitive yard prices to show their confidence in the market.

    "A large number of newbuilding orders having been placed in the last fewweeks," noted OSL in its latest monthly report. These include Tidewater ordering two AHTS each of 7,200bhp of the Conan Wu design from Pan United in Singapore at a cost of about US$13 million each and two at Aker Tulsa at a cost of US$ 15 million each and two in Poland. In addition they have ordered two fast supply vessels in the US.

    Kvaerner Masa has received an order from Far East Shipping Company for two 20,000bhp, 100m icebreaking AHTS. The vessels will be used in the Okhotsk Sea on the Sakhalin-1 project.

    "Look out for further orders in 2004 for PSVs and tugs in response to an expression of interest from SEIC," said OSL.

    OH Meling has taken over the newbuilding contract at Malta Shipyard for the VS470 from Havtrade AS. The vessel will delivery directly on charter to MLS Norway in January 2004.

    The Great Eastern Shipping Company has purchased the UT755L building at Aukra, Norway on private terms. Delivery will be early 2004. In addition they have order one further UT755L in Norway for delivery third quarter of 2004 as well as a further two AHTSof 80 tonnes Bollard Pull at Bharati Shipyard in India.

    OSL says Group Bourbon (Surf) has placed an order for 4 PSVs of the Guido Perla & Associates design in China, whilst Doha Marine Services has placed an order for a multi role supply maintenance vessel in China.

    Maersk Supply Service has ordered two AHTS of the MOSS 929 design (18,280bhp) in Chile for delivery in 2005.

    More articles from this category

    More news