Offshore Shipping Online A publication for the offshore shipping industry published by Clarkons since 1999 en Fri, 29 Apr 2016 13:38:20 +0200 Fri, 29 Apr 2016 13:37:20 +0200 (OSO) Ulstein launches SOV for Bernhard Schulte Offshore Fri, 29 Apr 2016 13:38:21 +0200 Ulstein Verft in Norway has launched its first service operation vessel (SOV) for the offshore wind industry. It is building the vessel for Bernhard Schulte Offshore. Along with a sister vessel of the same type, it will work for Sieme V.Ships awarded CMM spill response ship management contract Fri, 29 Apr 2016 11:45:06 +0200 V.Ships Offshore, part of the V.Group, has been awarded a ship management contract by Compagnie Maritime Monegasque Offshore Ltd (CMM) to provide technical and crew management services for a new fleet of five oil spill recovery vessels in Brazil.< Technip awarded logistics base contract extension Fri, 29 Apr 2016 11:42:46 +0200 Technip has signed a four year extension of a five-year contract signed in January 2011 with Petrobras for its Flexible Pipes Logistic Base (BAVIT) in Vitória, Brazil. The scope covers storage, handling, inspection, testing, load Harkand charters ditched Fri, 29 Apr 2016 11:38:28 +0200 Nordic Trustee ASA, which acts as bond trustee for a bond issue 'Harkand Finance Inc Senior Secured Callable Bond Issue 2014/2019 with ISIN NO 001 070820.9 ticker HARK01,' which was issued by Harkand Finance, says the issuer and the bond trus Solstad confirms details of deal with Reach Subsea Fri, 29 Apr 2016 11:33:37 +0200 Solstad Offshore has confirmed that it has reached an agreement with Reach Subsea on changes to the terms for a charter contract for the CSV Normand Reach. The original contract expires in June 2019. The changes will take < New vessel could work in oil and gas or renewables market Fri, 29 Apr 2016 11:25:38 +0200 9 May will see a new multipurpose support vessel, Solution, formally named at Urk in The Netherlands by its owner DUC Marine Group. The new vessel was purpose-built for DUC Marine Group, who have been active in Subsea 7 hit by reduction in SURF activity Thu, 28 Apr 2016 09:13:26 +0200 Jean Cahuzac, Chief Executive Officer, says the company's performance in the first quarter of 2016 benefitted from good project execution but was affected by the downturn in demand for subsea, umbilicals risers and flowlines (SURF) projects. "R Ezra to divest Lewek EMAS Thu, 28 Apr 2016 08:55:08 +0200 Ezra Holdings Limited and EMAS Offshore Production Service (Vietnam) Pte Ltd (EOPS), a wholly-owned subsidiary of EMAS Offshore Limited, have announced that they have accepted a non-binding letter of intent to sell at least their current comb N-Sea awarded UXO contract Thu, 28 Apr 2016 08:52:48 +0200 Subsea IMR provider N-Sea has been awarded a contract by Galloper Offshore Wind Farm Ltd (GWFL). The contract for pre-construction unexploded ordnance (UXO) clearance works commenced in April 2016 and includes UXO risk management, target inve Prosafe says financial covenants "likely to come under pressure" Thu, 28 Apr 2016 08:46:15 +0200 Offshore accommodation unit provider Prosafe SE says that since its fourth quarter 2015 report, the offshore oil services market has continued to deteriorate following the oil price decline. In a statement, the company said: "For Pros Polarcus has good first quarter after restructuring Thu, 28 Apr 2016 08:40:22 +0200 Polarcus Limited has released its first quarter 2016 financial statements. The company said it had revenues of US$ 63.7 million, down 12 per cent from the fourth quarter of 2015; gross cost of sales of US$53.4 million adjusted for n GulfMark unveils first quarter 2016 results Wed, 27 Apr 2016 08:35:14 +0200 For the first quarter ended 31 March 2016, GulfMark Offshore had revenues of US$38.8 million and made a net loss of US$91.2 million or $3.66 per diluted share. Included in the results are after-tax special items that totaled US$78.6 million or $3. Offshore deal for V.Ships Group Wed, 27 Apr 2016 08:33:01 +0200 V.Ships Offshore, part of V.Group, has been awarded a ship management contract by Fortress Transportation and Infrastructure Investors LLC to provide full technical and crew management services for a SURF/IMR vessel. The ship management service Accommodation vessel Edda Fortis cancelled Wed, 27 Apr 2016 08:31:31 +0200 Edda Accommodation has decided to cancel the newbuild offshore accommodation unit Edda Fortis. The 155m ship was being built at Hyundai shipyard in South Korea and was originally due to be delivered June 2015. "Due to extensive Reach Subsea takes action to remain competitive Wed, 27 Apr 2016 08:26:11 +0200 Reach Subsea has agreed a comprehensive restructuring of its charter agreements, which it says will enable it to move forward with market-based charter-in rates. As part of the restructuring, Solstad Offshore and Østensjø Rederi wil