Norway drilling outlook goes from bad to worse

Norwegian offshore exploration drilling — the primary demand driver for offshore support vessels (OSVs)— is projected to fall by a huge 35.2% in 2016 from previous estimates, according to a new survey released this week by the national bureau of statistics.

26 Nov 18:00 GMT+00:00

Grandweld prepares to ride out downturn

Dubai-based offshore shipbuilder has had a busy year, with 18 vessels completed so far, but a light orderbook means its strategy now is all about focusing on cost-effective designs

26 Nov 18:00 GMT+00:00

Al Mansoori converts PSV duo to well stimulation

Al Mansoori Production Services is converting two platform supply vessels (PSVs) it acquired from China’s Fujian Mawei Shipbuilding through Marine Assets of Singapore last year into well-stimulation vessels.

26 Nov 18:00 GMT+00:00

Sealink sees red

Malaysian offshore support vessel owner posts loss in third quarter despite bigger revenue.

26 Nov 10:16 GMT+00:00

Icon adds to backlog

Malaysian offshore supply vessel operator ties-up charter as third quarter profit drops over 70%.

25 Nov 05:11 GMT+00:00
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