Olav Meling tells of confidence in future after bank deal

OH Meling has reached a deal with lender SpareBank 1 SR-Bank allowing it to navigate poor markets for its tankers and offshore vessels. Chief executive Olav Meling ­expressed confidence in the privately owned company’s future, thanks to the arrangement. “This Source: http://www.tradewindsnews.com

August 22, 2019

BW Offshore FPSO contract extended in Gabon

One of BW Offshore’s floating production, storage and offloading (FPSO) units has had its contract extended for a further 12 months in offshore Gabon. The 141,000-dwt FPSO Petroleo Nautipa (built 1975) is operating on the Etame field for Vaalco Energy, which has extended Source: http://www.tradewindsnews.com

August 16, 2019

Siem Offshore sells multipurpose PSV to Nigerian owner

Siem Offshore has sold a multipurpose field and ROV support vessel (MRSV) to buyers in Nigeria. The Oslo-listed owner has signed an agreement to sell the 4,214-dwt Siem Marlin (built 2009) for an undisclosed price. The buyer is Lagos-based Marine Platforms, an Source: http://www.tradewindsnews.com

August 12, 2019

DOF Subsea fixes anchor handler for UK decommissioning work

An anchor handling vessel owned by Dof Subsea has been fixed to help with decommissioning work on the UK continental shelf. The 4,982-dwt Skandi Skansen (built 2011) will be employed by an unnamed “major operator” in decommissioning subsea infrastructure from the third Source: http://www.tradewindsnews.com

August 9, 2019

Dof PSV heads down under for five-year contract

One of Dof Rederi’s platform supply vessels (PSVs) has secured a five-year contract down under with Esso Australia. The 4,700-dwt Skandi Feistein (built 2011) will begin the contract with the energy company before the end of 2019. Mons S. Aase, chief executive Source: http://www.tradewindsnews.com

August 6, 2019

Teekay Offshore Partners cuts second quarter loss

Teekay Offshore Partners has cut its second quarter loss thanks to a sharp reduction in impairments and a profitable sale of vessels this time around. Brookfield-backed Teekay Offshore saw its bottom line loss run to $28m for the three months to the end Source: http://www.tradewindsnews.com

July 31, 2019