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Hermitage Offshore Services sells AHTS pair at a loss

Aug 12, 2020

Hermitage Offshore Services has sold two AHTS vessels under a deal that will result in a loss of approximately $4m to the company.

Kim Heng buys AHT pair as distressed assets for $4.8m

Jul 27, 2020

Singapore’s Kim Heng Offshore & Marine has announced the acquisition of two 12,500 horsepower AHT from the POSH Terasea liquidation for $4.8m.

Weak OSV market to improve in 2021, Wintermar says

Jul 24, 2020

The operating condition for the dire OSV industry is expected to improve in 2021 as a recovery is delayed by the coronavirus (COVID-19) pandemic’s impact on oil price, according to Wintermar Offshore.

Subsea 7 to axe 3,000 workforce and 10 vessels

May 29, 2020

Offshore services firm Subsea 7 will axe approximately 3,000 jobs from its global workforce of 12,000 and reduce its number of active fleet by up to 10, due to a “significant deterioration” in the oil and gas market.

Maersk Supply Service to cut 55 staff on weak market

May 08, 2020

Maersk Supply Service (MSS) will lay off approximately 55 staff on the back of the weak oil and gas market.

'Victory for little guy' - Tasik Subsea awarded $26.8m for Fugro charter termination

Jan 08, 2020

Singapore-based offshore vessel owner Tasik Subsea has been awarded $26.8m at arbitration over a charter termination for the...

Carolyn Chouest 2-XL-source_IAIN_CAMERON.jpg

Tidewater chief stresses consolidation vital in OSV sector

Dec 10, 2019

Quintin Kneen, president and ceo of Tidewater, outlines why he sees consolidation as vital for the offshore support vessel (OSV...

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