Kristian Siem, founder and longtime leader of Siem Offshore, is stepping down as chairman of the Norwegian offshore support vessel (OSV) firm after reaching a deal to acquire nine vessels in exchange for his 35% stake in the company.The company…
Norwegian offshore vessel operator Østensjø Rederi announced it has sold the multipurpose vessel Edda Fjord to an undisclosed buyer.The vessel was delivered to its new owners in Haugesund, Norway on January 24, 2024 and is now en route to embark on new projects in Brazil…
DOF Rederi, a fully owned subsidiary of Norway's DOF Group, on Wednesday entered into an agreement to sell the 2004-built, medium-size platform supply vessel (PSV) Skandi Captain to an undisclosed international buyer.The vessel is slated to…
Marine services company James Fisher and Sons said it has sold another one of its dive support vessels (DSV) to India-based Seamec Limited.The U.K.-based firm announced on Wednesday it entered into a memorandum of agreement for the sale of the 2007-built…
Solstad Rederi AS, a wholly owned subsidiary of Norwegian-based offshore shipowner Solstad Offshore ASA, has sold the platform supply vessel (PSV) Normand Corona.The 85.65-meter-long Normand Corona was built at Kleven Verft in 2006.The vessel was handed over to its new owner on June 14…
American Shipping Company ASA (AMSC) has agreed to acquire the Normand Maximus construction support vessel from Maximus Limited, a company controlled by its secured lenders.In parallel with the transaction, AMSC will enter into a long-term bareboat…
Hornblower Group announced on Wednesday it has acquired two offshore vessels: the Seaward Explorer and Seaward Endeavor, previously the California Responder and Pacific Responder, respectively. Seaward Services, Inc. (SSI), part of the Hornblower Group of maritime businesses…
Oslo-listed offshore energy investment firm Standard Drilling announced it has sold the platform supply vessel Standard Princess for $10.3 million.The Cyprus-headquartered company said Wednesday it completed the transaction after announcing a memorandum of agreement to sell the vessel in November…
Offshore Support and Logistics Services Company (OFCO – Offshore International), the integrated maritime logistics service provider that is jointly owned by Allianz Marine & Logistics Services (AMLS) and SAFEEN, Abu Dhabi Ports’ marine services arm…
CWind, a provider of project services and crew transfer vessels (CTV) to the offshore wind industry, reports it has completed the sale of its CTV Endeavour to Wood Marine, a port services operator based in Suffolk, U.K.According to CWind, part of the Global Marine Group (GMG)…
Oslo-listed offshore vessel owner GC Rieber Shipping has agreed to sell the Polar King inspection maintenance and repair vessel to an unnamed buyer.Due to the sale, an impairment of approximately USD 5 million for Polar King is expected to be recognized as per 30…
Norway's offshore service vessels (OSVs) supplier Solstad Offshore and its creditors have agreed on a draft restructuring plan, which includes converting 10 billion crowns ($962.17 million) of debt into equity, the company said on Tuesday.The large majority of stakeholders…
Singapore’s troubled liftboat operator Ezion Holdings has signed a memorandum of agreement to sell its offshore vessel Teras Genesis to the offshore and maritime chartering and brokerage company Astro Offshore.Ezion, in an attempt to reduce cash burn and shift focus to liftboats…
Cyprus-based company active in the oil and gas industry S.D Standard Drilling signed Memorandum of Agreement (MoA) to sell one large Norwegian built Platform Supply Vessel (PSV), Standard Supporter for USD 15 million.The transaction was completed yesterday (10 December 2019)…