BGL finds new OSV for gold retrieval

Salvage company Britannia’s Gold (BGL) is heading back out to lucrative British World War shipwrecks with a new OSV. The company has chartered an unnamed ship to try to extract millions of dollars of gold and silver from vessels in the Irish Sea and Atlantic. Gold-hunters begin cutting into war-time wreck It has secured the OSV with the help of UK shipowner James Fisher, but cannot name it for security…

March 27, 2019
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Equinor hires Shearwater for more 4D survey work

Shearwater GeoServices has won another two-month contract to undertake more survey work for Equinor. The Oslo-listed company’s 126-metre survey vessel Amazon Conqueror (built 2015) will conduct a 4D seismic survey at Equinor’s Troll Unit, around 65 kilometres west of Kollsnes, off the west coast of Norway. Shearwater wins more 4D seismic survey work for Equinor The survey will be conducted using Shearwater’s sophisticated Isometrix multi-component streamer system. “The award of…

March 26, 2019
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Ostensjo reveals Viking Sky rescue drama

Norwegian owner Ostensjo Rederi has told how it sent the first tug to the scene of the stranded cruiseship Viking Sky in a storm off Norway on Saturday. The 48,000-gt Viking Ocean Cruises vessel (built 2017) was carrying more than 1,300 passengers when it got into difficulty off the west coast. Ostensjo said its 500-gt tug Vivax (built 2008) was in port at Nautneset following a tanker call at the…

March 26, 2019
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Topaz back in black as utilisation rises

Middle East OSV owner Topaz Energy and Marine has bounced back into profit in the fourth quarter as vessel use rose. It said net earnings were $18m in the final three months, up from a loss of $6m in 2017. Revenue grew to $106m from $69m, while core vessel utilisation rose from 67% to 85%, with significant improvements coming in the MENA and Africa regions. The company said operational efficiencies…

March 25, 2019
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Boa reveals story behind complex warship salvage

Boa Offshore CEO Helge Kvalvik has revealed the inside story of the raising of the sunken Norwegian warship Helge Ingstad. The vessel sank on 8 November following a collision with a Tsakos tanker in Hjeltefjorden on the west coast of Norway, substantially damaging its starboard side. “This has been one of the most complex and successful salvage operations in the industry,” Kvalvik said. “An operation like this has never previously…

March 25, 2019
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Sovcomflot handing back Polarcus survey ship

Russia’s Sovcomflot is redelivering a seismic survey ship to Middle East owner Polarcus. Oslo-listed Polarcus said the 2,250-dwt Vyacheslav Tikhonov (built 2011) will return to the company from a bareboat charter towards the end of next month. The vessel was previously named Polarcus Selma and was fixed to Sovcomflot with an option for it to be redelivered with at least 30 days’ notice. The ship will complete a survey off…

March 25, 2019
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Owners reactivating North Sea OSVs

Owners are bringing more OSVs out of layup in an increasingly buoyant North Sea market. Broker Westshore identified five ships that have been reactivated since the start of March. Havila Shipping’s 3,700-dwt platform supply vessel (PSV) Havila Clipper (built 2011) has re-entered the market after 67 days idled in Bergen. Boa: significant OSV over-capacity remains It was returned from a charter a few weeks early last November. And Viking Supply…

March 22, 2019
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NYK merging towage operations

Japanese owner NYK is combining two towage companies. It said Wing Maritime Service and Kaiyo Kogyo will merge on 1 July. “The social structure and the business environment surrounding the NYK Group is dramatically changing, and NYK will integrate the management resources of these two companies to increase efficiencies and create value in accordance with the group’s medium-term management plan “Staying Ahead 2022 with Digitalisation and Green,” it added. It…

March 22, 2019
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SDSD reaches “turning point” with PSV deal

Norwegian PSV owner SD Standard Drilling (SDSD) may have reached a “significant” turning point after fixing three ships at better rates this week. Clarksons Platou Securities said the deals were done at “levels that we expect will generate significant cash flow.” SDSD said on Thursday it had agreed charters amounting to up to 470 firm days, with options for another 265 days. It did not reveal rates, but Turner Holm,…

March 22, 2019
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