Read all the latest news about Offshore carriers. ShippingWatch gives you independent, credible, critical and fair news.

Offshore wind encourages Americans to build their own installation vessels

More new offshore wind farms may be on the way in the US, but that does not necessarily mean that the Jones Act, which hinders European players from carrying out installations on non-US vessels, will be done away with. Instead, there are indicators that US yards will build the necessary vessels themselves, says a US offshore wind researcher.

Solstad Farstad sells more vessels

Offshore carrier Solstad Farstad has sold four vessels within the past month as part of the ongoing cleanup at the company. And a Norwegian billionaire has sold one third of his shares in the company.

Offshore wind carrier Ziton to fight for market shares

The market for offshore wind is projected to experience massive growth ahead of 2020 in Europe alone. Still, Danish offshore service carrier Ziton is looking to maintain its dominant market position, CEO Thorsten Jalk tells ShippingWatch.

Bourbon Offshore hit by huge, new loss

Bourbon Offshore's operating deficit grew in step with the oil industry's lacking investments in the first half year. Despite a small improvement in offshore, the prices will remain strained, expects the carrier.

Subsea 7 orders ship in the Netherlands

The offshore and installation carrier has entered a deal with a Dutch shipbuilder for a new reel-lay vessel. The costs are expected to be less than USD 300 million, according to Subsea 7.

Inspector fired just a few months prior to Maersk wreck

Important knowledge was lost when a key employee was fired before the incident in which two Maersk Supply Service Vessels sank, notes a researcher of maritime safety – but the carrier denies that cost cutting played a part in the wreck.

Viking Supply doubts better market in 2018

Yet another bad quarter for offshore carrier Viking. Even though there are signs of an improved market in 2018, it is far from certain that this will benefit the carrier in the spot market, says CEO.

Rieber preparing for clean-up after the downturn in offshore

Following a USD 90 million deficit in 2016, the former Viking Supply Ships CEO Christian W. Berg will play a key part in turning developments around at Norwegian GC Rieber Shipping. ShippingWatch has interviewed Chairman Paul-Chr. Rieber about the opportunities facing the carrier.

Havila family buys stake in Norwegian offshore carrier

The Sævik family, known for Havila Shipping, has bought a stake in offshore carrier Volstad Maritime, based in Ålesund, Norway, report local media. "We wish to contribute to building a large and profitable subsea company," says Havila founder Per Sævik according to Sysla.

Subsea 7 projects rise in orders in first half of 2018

The offshore carrier achieved a higher revenue and improved bottom line in the second quarter. Recent acquisitions will contribute to a higher revenue for 2017 than last year, and the company expects a surge in orders in the strained offshore market.

Subsea 7 acquires assets from distressed peer

Offshore carrier Subsea 7 has acquired a series of assets from distressed peer EMAS Chiyoda Subsea. The purchase comes with an order backlog of USD 850 million and will strengthen the company's presence in the Middle East, says CEO.

CEO on Statoil contract: "Important in today's market"

It came as very good news at a tough time for the offshore sector when Statoil this Wednesday awarded long-term vessel contracts to four carriers for a total value of NOK 3.1 billion. "It's important to secure long-term contracts in today's market," DOF's Chief Exec tells E24.

Statoil signs long-term contracts for offshore ships

The Norwegian oil major has taken on a series of offshore vessels on contracts totaling USD hundreds of billions, including ships from Norway's new, large-scale offshore carrier Solstad Farstad and from Havila.

Pareto: Only a matter of time before offshore improves

The market for offshore service vessels has bottomed out, concludes analyst firm Pareto Securities in a new, extensive report. Oil companies' growing willingness to invest drives the development, but oversupply and record-high debts weigh down.

Havila Shipping sees weak market until 2019

The Norwegian offshore carrier saw its deficit grow and operating income dwindle in the first quarter of the year. Havila Shipping completed a large-scale restructuring earlier this year which is expected to give the carrier leeway in a weak market in 2017 and 2018.

Siem Offshore expects tough market over next several years

The Norwegian offshore carrier booked a somewhat higher revenue in the first quarter, but low rates and overcapacity weighed down operations as well as the bottom line. The company projects a tough North Sea spot market characterized by vessel oversupply in the years to come.

Bourbon Offshore stacks another 26 vessels

The French offshore carrier saw its revenue slide in the first quarter, and the carrier pulled another 26 vessels from the market despite an otherwise fairly stable oil price.

Topaz hit by vessel impairments in 2016

Offshore carrier Topaz Energy and Marine's result for 2016 was significantly marred by impairments on vessels. 2016 was tough, and 2017 will also be challenging, writes management in the annual report.

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