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Norway: Ulstein Launches New Platform Supply Vessel for Blue Ship Invest

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Ulstein Group, a group of companies mainly known for its ship building and ship design activities reported today that the first platform supply vessel (PSV) newbuilding of the PX121 design from ULSTEIN®, M/V Blue Fighter, was named in a formal ceremony at Ulstein Verft, Norway on 12 January.

The vessel, 83.4 m of overall length,  is the first of two PSVs of the new design under construction at Ulstein Verft for Blue Ship Invest, a shipping company in ULSTEIN. Blue Fighter’s sister vessel will be delivered in Q3 of 2012.

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Brazil: Deep Sea Supply Takes Delivery of New PSV

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Deep Sea Supply, an international operator of offshore supply vessels has taken delivery of the newbuilding platform supply vessel (PSV), Sea Brazil, from STX OSV in Brazil.

A naming/launching ceremony was held on November 15 in STX OSV shipyard in Niteroi, Brazil.

The vessel is of STX 09 CD design, 87,9 meters long with ability to accommodate a crew of 26.

To see the vessel launching ceremony please follow the enclosed link.

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Ukraine: Zaliv Launches Ulstein Design PSV Hull

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The hull for yno 294 at Ulstein Verft, a platform supply vessel of design type ULSTEIN PX121 for Blue Ship Invest, was launched by Zaliv shipyard in Ukraine on 30. November.

“This hull is hull number 500 from Zaliv, and this special occasion was celebrated with a great many invited persons”, comments project manager Per Svein Brekke from ULSTEIN. He was present along with the ship owner representative Odd Nordam and ULSTEIN´s site team in Ukraine, which consists of Magnar Kvamme, Anders Sundgot, Paul Myrvågnes, Igor Kogan, Yuriy Stoyev and Yuliya Sydorova.

Tow starts around mid-December, and is expected to arrive Ulstein Verft in January. The ship is scheduled for delivery in the third quarter of 2012.

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Cyprus: Deep Sea Supply Provides October Fleet Status Update

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In October 2011 Deep Sea Supply`s AHTS fleet (all 12 AHTS Vessels) had an average gross income of approx. USD 19,600 per ship per day compared to USD 15,800 in September.

The PSV fleet (all 8 PSVs) had an average gross income of approx. USD 20,000 per ship per day compared to USD 20,200 in September.

The AHTS Sea Tiger has been approx 50% off hire in October due to scheduled maintenance program.

Sea Vixen, which was delivered from the yard in October, is not included in the figures.

Deep Sea Supply ship owner and operator of a substantial number of Anchor Handling Tug Supply vessels (AHTS vessels) and Platform Supply Vessel (PSV) with extensive newbuild program.

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Norway: STX OSV to Build 4 PSVs for Island Offshore

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STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels, announced that it has secured new contracts for the construction of four Platform Supply Vessels (PSV) for Island Offshore. 

The combined value of all four contracts exceeds NOK 1 billion. The first two contracts are expected to become effective in November 2011, and the remaining two in January 2012. All four contracts are subject to financing approvals.

The vessels will be of Rolls Royce’s UT 717 CD design. The overall length of each vessel will be 84.3 meters with a beam of 17 meters, and the deadweight will be approximately 3800 DWT.

Deliveries are scheduled from STX OSV Brevik in Norway in the third and fourth quarter 2013 respectively for the first two vessels, and in the first quarter 2014 for the other two vessels. The hulls of the vessels will be delivered from STX OSV Braila in Romania.

The Island Offshore Group is a leading provider of services to the offshore industry managing a fleet of 20 high quality vessels with an average age of less than four years, currently operating in Brazil, Mexico, USA and in the North Sea. STX OSV has delivered more than 25 vessels to Island Offshore over the past ten years, and already has four vessels under construction for this long-standing client prior to securing the new contracts.

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Norway: Bourbon Offshore Takes Delivery of Ulstein PX105 Design PSV

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Bourbon Front, the first of four platform supply vessels of the PX105 design from ULSTEIN built at Zhejiang Shipbuilding Co. Ltd., was delivered to Bourbon Offshore Norway at 6 September 2011.

The vessel features an overall length of 88.80m, breadth of 19.00m, DWT of 4250T, and maximum speed of 15.5 knots. Bourbon Front is designed with a hotel complement with permanent capacity for 25 persons.

The hull with ULSTEIN X-BOW® combined with diesel-electric propulsion systems ensure outstanding performances with regards to fuel consumption, sea-keeping, station-keeping, speed and cargo capacity.

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The cargo system ensures safe and efficient loading and discharging of the vessels. The Multi Application Cargo Solution (MACS) and product tank configurations give a major increase and flexibility in cargo capacity.

The vessel is equipped, built and certified according to IMO Class II for Dynamic Positioning.

ULSTEIN PX105 is designed to minimize the environmental impact and built according to Det Norske Veritas CLEAN DESIGN class notation. Catalytic reactors for minimum NOX emissions are installed. The vessel has a Green Passport complying with IMO ship recycling recommendations.

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India: Cochin Shipyard Names Two Platform Supply Vessels

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Cochin Shipyard Naming ceremony for two ships , the naming ceremony of two Platform Supply Ships (PSV) BY 83 and BY 84 was conducted at a glittering ceremony held at Cochin Shipyard. These ships were named Brage Supplier and Brage Trader respectively by Ms. Siri Kleiveland, wife of Mr. Sigfinn Bartz Johanessen, Chairman , Sigba group, and Ms. Ingun Hestness, wife of Mr. Thorolf Hestness, Chairman of Board of Brage Supplier KS.

These Ships are of the PSV 09 design, developed by STX Europe. The vessels are being built by CSL for M/s Brage Supplier KS, Norway. Cmde K Subramaniam presided over the function and rendered the welcome address. Mr. Sigfin Bartz Johannessen , Chairman , Sigba group, addressed the gathering. Shri V Radhakrishnan , Director (Technical) and other senior officials of CSL were also present during the event. Brage Supplier and Brage Trader are part of a 4 vessel series of PSV 09 CD type Platform Supply vessel being built by CSL.

The first vessel of the series was delivered to M/s DOF, Norway, on 07 July 2011. CSL ventured into the Offshore vessel construction segment in 2005 and till now have delivered 21 high end vessels to international owners. Presently, CSL has a total of 13 offshore vessels in the order book. Apart from this, the yard is also constructing 20 Nos Fast Patrol Vessels for the Indian Coast Guard and the prestigious Aircraft Carrier for the Indian Navy. The yard is well poised to achieve ambitious growth plans of the shipbuilding division with the above orders.

BY 83 and BY 84 are modern large segment Diesel Electric PSV’s designed to cater to meet the all round needs of the Offshore oil and gas industry. The vessel with length of 86M and breadth of 19 M meets the highest levels of environmental safety denoted by the CLEAN DESIGN notation of M/s Det Norske Veritas, The vessel in addition to the normal offshore supply operations, is capable of carrying methanol and is equipped with Dynamic positioning Grade 2 equipment. Accommodation of high standards meeting Comfort Class requirements of DNV is arranged for 44 people.

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Strong Recovery in Subsea Vessel Demand

Market researcher Douglas-Westwood, UK, forecasts strong recovery in vessel demand. The World Subsea Vessel Operations Market 2011-2015 details expenditure set to grow 52%, totaling USD72bn between 2011 and 2015. Lead author, Simon Robb, commented, “Project timetables are accelerating as confidence returns to the industry, with a shift to larger and more complex deepwater projects. Projects are increasingly capital intensive, which is benefitting offshore contractors with the capability and expertise to provide deepwater services.

Offshore support vessel

“Global vessel demand for Subsea Vessels is expected to climb beyond 310,000 days for the forecast period 2011-2015 – a 28% increase on the previous five years. Robust growth is expected, with annual expenditure set to rise from USD11.2bn in 2011 to USD19bn by 2015.”

Ian Jones, contributing author, continued, “By 2015, there will be a move towards more complex deepwater projects being sanctioned and this should benefit the vessel contractors with deepwater capability and engineering experience. The number of vessel days in deep waters is set to increase by more than 50% over the next five years. Deepwater awards will suit contractors with modern vessels fleet, effective project execution skills and a track record in delivering deepwater projects.”

The deepwater ‘Golden Triangle’ is expected to account for 54% of global expenditure over the forecast period. Africa will remain the largest single market by expenditure with over USD13.7bn required over the next five years. Despite a dip in activity in North America during 2011-2012, due to the economic crisis and the fallout from the Deepwater Horizon incident, vessel expenditure is expected to total almost USD13bn. This is a 21% increase on the previous five years. Latin America is expected to be the third largest market – driven directly by Petrobras‘ long-term deepwater and ultra-deepwater strategy. The Asian and Australasian regions are both expected to witness strong vessel expenditure growth over the next five years.

The comprehensive report focuses on the demand for vessels used by operators around the world for their subsea field development & construction projects, inspection, repair & maintenance (IRM), well intervention and plug & abandonment activities providing detailed demand and expenditure analysis by region. The report looks at the main factors that are driving vessel day demand for ROVSV, DSV, Flexlay, LWIV and Pipelay vessels and provides supporting information analyzing specific sectors within each key subsea sector. Market supply and vessel day rates are also discussed, providing the reader with a comprehensive understanding of the key trends involved in shaping the requirement for subsea vessels.

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