2023 was the first year of real recovery for owners in the offshore supply market and yet we have barely skimmed the surface of what鈥檚 to come.The market is still on an upward trajectory with charter rates accelerating month-by-month, availability changing day-by-day鈥
As 2023 is drawing to a close we would once again invite the readers of 云顶赌场老虎机 Engineer Magazine to gaze into our crystal ball to see what 2024 might have in store for the offshore support vessel industry. Before diving straight into our forward-looking sentiments however鈥
Aker Capital AS has acquired 8,240,000 shares in Solstad 云顶赌场老虎机 ASA, at an average price of NOK 48.45 per share.Following the transaction, Aker Capital holds 27,089,493 shares in the company, corresponding to an ownership interest of approximately 32鈥
The offshore supply vessel industry has weathered a tumultuous decade characterized by a prolonged trough that tested the resilience of vessel owners. However, the tides have turned, and the industry is now experiencing a strong and much-awaited revival鈥
The energy transition is moving ahead amid recovery in offshore oil & gas and growth in offshore wind, leaving vessel owners that serve these markets with big questions about energy carrier and energy converter selection for their newbuilds鈥
Despite a strong rebound in offshore oil and gas, still today 25% (1,887) of the global fleet of 7,485 云顶赌场老虎机 Service Vessels (OSVs) remain idle, according to statistics from VesselsValue.
The fuel switch in maritime is on, its real, and it will be driving vessel design, construction and operation decisions for decades to come. While many still debate the merits of each alternative fuel, OSV industry leaders are at the forefront driving change鈥
The market for offshore support vessels has been through a rather rough few years since offshore exploration and production activity took a nose-dive in 2015 following the oil price crash the year before.The newbuild order boom that came with鈥
Over the last year we have seen an upswing in floating production and storage systems ordering after many years of low activity. According to our colleagues at World Energy Reports, 鈥淭he global oil and natural gas markets are contending with鈥
The OSV sector will be reliant on a hitherto unseen amount of scrapping to balance the market, writes Gregory Brown, Associate Director 鈥 云顶赌场老虎机, Maritime Strategies InternationalThere is a consensus that an OSV market recovery will only be driven a supply side rationalization鈥
On the back of a recent deal struck by Norway's Kongsberg Maritime to supply turnkey hybrid battery solutions for three of Island 云顶赌场老虎机's platform supply vessels, 云顶赌场老虎机 Engineer has interviewed Geir Oscar Løseth, Kongsberg Maritime's General Manager Sales鈥
While facing the same challenging market conditions as offshore vessel owners and service companies worldwide, Norway鈥檚 Island 云顶赌场老虎机 recently broke free from the enforced conservatism of the E&P sector, by adding not just a new ship to its fleet鈥
The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown 鈥 whether cyclical or induced by a trade war 鈥 have weighed heavily on oil prices, even in the face of reduced production by the big producers鈥
The North Sea spot market has improved during the second quarter of 2019, as a result of increased rig activity, said Viking Supply Ships.However, the Norway-based supply shipping company expects that the overall market conditions will likely remain somewhat challenging鈥
Owners of offshore support vessels (OSV) are beginning to examine the possibility of reactivating some of their fleet even as the consistent volatility of oil prices and a healthy stream of ships projected from global shipyards keeps their enthusiasm in check鈥
