Search results for: lays up

175120 results

A list of search results

  • 23 November 2015
    Business & Finance

    As shipowners continue to lay up containerships as the market slows, the size of the idle fleet is expected to get bigger while rates and profits slide, UK-based shipping consultant Drewry said. To lay-up or not to lay-up, that is the question owners of containerships will be asking themselves during the fourth quarter as demand for their […]

  • 2 October 2015
    Business & Finance

    Norwegian owner and operator of offshore service vessels Farstad Shipping will lay off around 100 employees in Norway due to the planned lay up of two platform support vessels (PSVs) and three anchor handling tug supply (AHTS) vessels. The company has decided to lay up the five vessels as it expects further weakening of the offshore market. […]

  • 2 October 2015
    Business & Finance

    Norwegian owner and operator of offshore service vessels Farstad Shipping will lay off around 100 employees in Norway due to the planned lay up of two platform support vessels (PSVs) and three anchor handling tug supply (AHTS) vessels. The company has decided to lay up the five vessels as it expects further weakening of the offshore market. […]

  • 9 October 2015
    Business & Finance

    The Netherlands-based Vroon Offshore Services has decided to pull twelve offshore-support vessels out of operation due to the ongoing slump in offshore oil and gas activities. From the fourth quarter of 2015 onwards, five platform-supply vessels and seven emergency response and rescue vessels (ERRV) will enter long-term lay-up. In addition, a number of older ERRVs are being […]

  • 9 October 2015
    Business & Finance

    The Netherlands-based Vroon Offshore Services has decided to pull twelve offshore-support vessels out of operation due to the ongoing slump in offshore oil and gas activities. From the fourth quarter of 2015 onwards, five platform-supply vessels and seven emergency response and rescue vessels (ERRV) will enter long-term lay-up. In addition, a number of older ERRVs are being […]

  • 27 November 2015

    Island Offshore, a Norway-based offshore shipowner, will lay up another platform supply vessel. At least it will, according to a Norwegian energy website, Offshore.no. The news website has cited Island Offshore’s CEO Håvard Ulstein who reportedly said that the PSV market has developed negatively during the quarter and that the 93 meters long Island Commander PSV […]

  • 2 November 2015
    Business & Finance, Operations & Maintenance

    Island Offshore has decided to lay up the ROV and survey vessel Island Spirit for the winter season. Island Spirit performs IMR work, survey work and ROV operations, however, the company said it expects the activity in this segment is to decline in the coming months. “We are working on relocating some of the crew, but […]

  • 23 September 2015
    Exploration & Production

    Transocean, an offshore drilling contractor, has laid up three of its rigs.  According to its latest fleet status report, Transocean laid up its semi-submersible drilling rig, the Transocean Barents, the midwater floater GSF Rig 140 and high-spec jack-up rig GSF Galaxy II. The semi-sub Transocean Barents was working for Shell offshore Norway with a dayrate of $300,000. […]

  • 11 March 2016
    Business & Finance

    Responding to a growing demand from the oil & gas sector against a background of record low petroleum prices, GAC South Africa has availed of the market situation by adding lay-up and warm stacking to its portfolio of services. According to GAC, ports in South Africa and its neighbour Namibia offer a viable alternative as they combine […]

  • 13 June 2012
    Business & Finance

      Mitsui O.S.K. Lines, Ltd. today announced plans for scrapping or cold lay-up of 10 to 20 Capesize bulkers in consideration of this fiscal year’s worsening market trends. The company scrapped four vessels and temporarily laid up 10 others last year. Until now, the company scrapped Capesize ships that were past 23 years or older, […]

  • 1 April 2016
    Business & Finance

    The tough economic environment that the shipping industry is facing has led Bernhard Schulte Shipmanagement (BSM) to add lay-up services and green recycling to its scope of ship management services. As owners decide to lay up their vessels as their operation is deemed uneconomical, BSM opted to tap into the potential of this market by including lay-up services, […]

  • 10 June 2016

    Classification society DNV GL has issued the first “Clean Lay-up” declaration under its newly released classification guideline. DNV GL made the announcement about its declaration at the Posidonia trade fair. According to the classification society, the guideline enables shipowners and managers to demonstrate that their vessel is laid up in a responsible manner, taking into […]

  • 19 December 2008

    Germanischer Lloyd (GL) has developed a guide outlining major methods and procedures involved in ship lay-ups. The guide gives technical assistance to shipowners focussing on the maintenance of class, ship’s safety as well as the maintenance of operability. Deactivating vessels in an effort to save costs requires planning and investment in the process. It is […]

  • 21 October 2016

    Prosafe, an owner and operator of semi-submersible accommodation vessels known as flotels, laid up two more units during the third quarter of 2016.  In an operational update on Friday, Prosafe said that the 1982-built flotel Safe Caledonia completed its operation for BP in August and the vessel has been laid-up in UK since then. BP hired the […]

  • 9 March 2016

    Island Offshore, a Norwegian provider of offshore vessels for the oil and gas industry, has decided to lay up two platform supply vessels with immediate effect. The two vessels set for layup are the Island Dragon and Island Duchess, built in 2014 and 2013, respectively. The Island Dragon has been on contract with Lundin Norway since […]

  • 29 May 2017
    Business & Finance

    Norwegian shipping company Island Offshore posted a loss for the first quarter of the year and reduced revenues which were impacted by vessel lay-up.  In its first quarter 2017 report on Monday, Island Offshore posted fleet revenues of NOK 259 million for 1Q 2017, down from NOK 363 million in 4Q 2016, and lower than […]

  • 1 December 2016
    Business & Finance

    Norwegian shipping company Island Offshore has informed that the number of its vessels in winter lay-up may increase to 14 which makes half of the company’s fleet.  Island Offshore fleet comprises 28 vessels within the vessel segments PSV, AHTS, well stimulation (WS), subsea construction (SCV), and light well intervention (LWI). The company said on Wednesday […]

  • 27 May 2015
    Business & Finance

    World Wide Supply, a Norwegian offshore service vessel company, has laid up two platform supply vessels due to a weak offshore spot market. The World Diamond and World Pearl vessels, both PSVs of the DAMEN PSV 3300 CD design, served a contract for GDF Suez in the North Sea through January and half of the February this year, […]

  • 5 September 2016
    Equipment

    JDR, a supplier of subsea umbilicals and power cables to the offshore energy industry, has unveiled its new horizontal lay-up machine (HLM) at its Hartlepool manufacturing facility. JDR said it has installed what it claims to be the biggest in the UK and second largest HLM in the world. The company added that the HML will […]

  • 2 November 2015

    Viking Supply Ships A/S, a supply shipping company based in Kristiansand, Norway, has decided to lay up Odin Viking with immediate effect, citing poor market conditions within the conventional AHTS market. The company says it will start negotiations with the employees and respective unions in order to assess the crewing situation going forward with the […]

  • 8 May 2015
    Business & Finance

    Norwegian offshore vessels owner Farstad Shipping has laid up two of its platform supply vessels, leaving 35 people without work. The company has laid up PSV Far Server and PSV Far Spica citing a continued weak offshore market. “We are currently experiencing a very demanding offshore market. Consequently, we have to lay up two vessels and give […]

  • 1 December 2016
    Business & Finance

    Norway-based Island Offshore, an operator of the fleet of 28 vessels, informed that the number of vessels in winter lay-up may increase to 14, which constitutes 50% of the company’s fleet. Currently the company has 11 vessels in lay-up whereof 5 are cold stacked. The number of vessels in lay-up may increase from 5 to […]