2015: a challenging year ahead

JANUARY 2015
2015: A
CHALLENGING
YEAR AHEAD
CONTENTS
3
OSV MARKET ROUND-UP
ABOUT SEABROKERS GROUP
6
OSV AVAILABILITY, RATES &
UTILISATION - NORTH SEA 7
MONTHLY OSV SPOT RATES -
NORTH SEA
8
FEATURE VESSEL
The Seabrokers Group was established in 1982. We
provide a unique and varied range of services to
clients. The Seabrokers Group has an experienced
workforce within Shipbroking, Real Estate,
Facilities Management, Construction, Cranes &
Transportation, Sea Surveillance and Safe Lifting
Operations. Our head office is situated in Stavanger, but we also have offices in Aberdeen, Bergen,
Rio de Janeiro and Singapore.
9OSV NEWBUILDINGS, CONVERSIONS,
SALE & PURCHASE
12SUBSEA
15 RIG, FIELD & OIL COMPANY NEWS
The Seabrokers Group is different – and we are
proud of this fact. Our information, experience and
knowledge provide us with the ability to perform
in our diverse business areas.
Seabrokers Chartering AS and Seabrokers Ltd are
certified by DNV GL in line with Management
System Standard ISO 9001; 2008.
16 CONUNDRUM CORNER
& DUTY PHONES
Production and Administration:
Seabrokers Ltd, Aberdeen
For your free copy of
Seabreeze, email:
[email protected]
SHIPBROKING
SECURALIFT
SEA SURVEILLANCE
REAL ESTATE
FACILITY MANAGEMENT
ENTREPRENEUR
CRANES & TRANSPORTATION
YACHTING
The Seabreeze Monthly Market Report
is distributed worldwide through
our offices in Aberdeen, Stavanger,
Singapore and Rio de Janeiro.
OUR OFFICES:
STAVANGERBERGEN
ABERDEEN
RIO DE JANEIRO
© Seabrokers Group 2015
www.seabrokers-group.com
SKIEN
SINGAPORE
OSV MARKET ROUND-UP
CHALLENGING
SEABROKERS LAUNCHES WEBLOG
MARKET FOR OWNERS
If the first month of the year
is anything to go by, then
2015 looks like it could be a
challenging year for OSV owners
in the North Sea. While the
winter season can be notoriously
difficult for owners anyway,
the start to 2015 has been
particularly tough, with some
spot fixtures coming in at rates
below GBP 5,000 per day.
The dramatic fall in the price
of oil over the last six to seven
months has prompted the
postponement of many offshore
projects in the North Sea, as oil
& gas companies seek to limit
their cost exposure this year.
This has inevitably had a
negative effect on the supplydemand balance for owners,
with an abundant supply of
vessels (particularly PSVs)
available for most of January.
The knock-on effect of this
situation has seen average
fixture rates for both PSVs
and AHTS vessels that are
significantly lower than they
were at the beginning of last
year (see p.6-7 for details).
As part of Seabrokers’ philosophy
of being the “shipbroker with a
difference”, we are proud to have
launched an internet-based voyage
log system. For many years, vessel
crews have had to record all of
their activities in a spreadsheet,
with this information emailed to
charterers at the end of the voyage.
This data is then used by the charterer to calculate cost splits and to
prepare performance reports.
Seabrokers’ WEBLOG does all
this via an internet site. All that is
required is for the vessel crew to
have access to the internet, with no
specialist hardware required. The
crew simply log in to WEBLOG,
and update their voyage data as
and when required, without the
need for any spreadsheets.
The data is instantly accessible by
the charterer via WEBLOG, who
can use the system to produce all
their cost and performance reports
at the click of a button. For more
information, please contact Erik
Christoffersen in Seabrokers’
Aberdeen office at chartering@
seabrokers.co.uk.
The North Sea spot market does
usually experience an upturn
in demand and a tightening of
availability as we move out of
the winter period, so owners
will be hoping the same applies
for 2015 if they are to make up
for such a tough start to the year.
SEABREEZE 3
OSV MARKET ROUND-UP
DOF SECURES RANGE OF TERM FIXTURES
DOF has secured a range of new
term fixtures, with two AHTS
vessels continuing to work
offshore Argentina, two AHTS
vessels awarded long-term deals
offshore Australia, and two
North Sea PSVs being retained
by their current charterers.
In Argentina, Total has extended
its contracts with AHTS vessels
Skandi Møgster and Skandi
Saigon (pictured c/o D Dodds).
Both vessels will now be kept
busy with Total until at least the
end of February 2016.
In Australia, Origin Energy has
awarded DOF contracts for the
charter of AHTS vessels Skandi
Atlantic and Skandi Giant. Both
vessels have been contracted for
a firm period of approximately
150 days, commencing in the
first quarter of 2015. Origin
has further options available
to extend the charters by up to
five more wells. This fixture has
resulted in the Skandi Giant
being mobilised from the Canary
Islands to Australia for the
charter.
Caledonia for an additional
period of six months from October 2015. Statoil, meanwhile,
has exercised the first one-year
option on its contract with PSV
Skandi Gamma. The extension
period commences in February
2015.
In the North Sea, Maersk Oil UK
has opted to retain PSV Skandi
NORWAY OFFERS 54 NEW PRODUCTION LICENCES
are located in the North Sea, 16
in the Norwegian Sea, with four
in the Barents Sea. The Norwegian Petroleum Directorate
has indicated that it received a
record number of applications
for additional acreage this year.
Norway has offered 54 new
production licences to 43
companies following its Awards
in Predefined Areas (APA) 2014
process. Of the 54 licences, 34
4 SEABREEZE
The greatest interest was
received for areas in the central
part of the North Sea and Norwegian Sea, following the large
Pil and Bue discoveries that have
been made in the Norwegian
Sea. Twenty-three different
companies have been offered
operatorship of licences. The list
of operators consists of: Bayerngas (2), BG (1), Centrica Resources (2), ConocoPhillips (2), Det
Norske Oljeselskap (3), DONG
(1), E.ON (3), Eni (1), EnQuest (1),
Faroe Petroleum (1), GDF SUEZ
(1), Ithaca Petroleum (2), Lotos
Exploration and Production (1),
Lundin (6), PGNiG Upstream
International (1), Repsol (2),
Rocksource (1), Shell (1), Statoil
(8), Total (5), Tullow Oil (5), VNG
(1), and Wintershall (3).
OSV MARKET ROUND-UP
TWO TERM CHARTERS FOR OLYMPIC
Olympic Ship AS has been
awarded two new term fixtures.
OCV/AHTS vessel Olympic Zeus
(pictured) has been chartered in
West Africa for a period of up
to 90 days from February 2015.
This fixture has seen the Olympic
Zeus depart the North Sea spot
market. Olympic has also secured
a one-year plus one-year option
contract for its Multifunctional
Subsea Vessel Olympic Triton
with Demar offshore Mexico.
The vessel will perform subsea
and support functions for Demar
under contracts with PEMEX in
the Gulf of Mexico.
MARCO POLO AWARDED RANGE OF FIXTURES
Marco Polo Marine has recently
confirmed the receipt of a range
of new long-term fixtures, some
of which commenced in late
2014, with others starting in
2015.
The AHTS vessel MP Prowess
was awarded a maiden one-year
bareboat contract in Vietnam
that commenced in November
2014. In Indonesia, AHTS vessels MP Prelude (pictured) and
MP Premier have been retained
by their current charterer until
the end of August 2015, while
AHT OMS Endurance has been
renewed on a bareboat charter
offshore Australia for three years
plus two one-year options from
January 2015.
NEW RUSSIA-TURKEY PIPELINE APPROVED
An amended route for the new
gas pipeline across the Black Sea
has been approved, with the new
route seeing the pipeline run from
Russia to Turkey instead of Bulgaria. Saipem had been contracted
to assist with the construction
of the South Stream pipeline,
although Saipem’s progress had
recently been suspended. Saipem
has chartered a range of OSVs
to support the project, including
Solstad PSVs Normand Carrier,
Corona and Flipper, Sealion PSVs
Toisa Independent and Invincible,
Maersk Supply AHTS vessels
Maersk Tracer and Transporter,
Deep Sea Supply PSVs Sea Spark,
Spider and Springer, and Deep Sea
Supply AHTS vessel Sea Lynx.
SEABREEZE 5
OSV RATES & UTILISATION
JANUARY 2015 - DAILY NORTH SEA OSV AVAILABILITY
40
38
36
34
32
30
28
26
24
22
20
18
16
14
12
10
8
6
4
2
0
PSV 2015
PSV 2014
AHTS 2015
AHTS 2014
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
RATES & UTILISATION
NORTH SEA SPOT AVERAGE UTILISATION JANUARY 2015
TYPE
JAN 2015
DEC 2014
NOV 2014
OCT 2014
SEP 2014
AUG 2014
MED PSV
68%
72%
73%
80%
86%
72%
LARGE PSV
76%
78%
85%
85%
86%
87%
MED AHTS
69%
45%
76%
72%
83%
86%
LARGE AHTS
61%
42%
65%
78%
85%
79%
NORTH SEA AVERAGE RATES JANUARY 2015
CATEGORY
AVERAGE RATE
JANUARY 2015
AVERAGE RATE
JANUARY 2014
% CHANGE
MINIMUM
MAXIMUM
SUPPLY DUTIES PSVS < 900M2
£5,091
£9,813
-48.12%
£3,500
£12,000
SUPPLY DUTIES PSVS > 900M2
£6,141
£12,653
-51.47%
£3,750
£16,500
AHTS DUTIES AHTS < 18,000 BHP
£12,541
£29,925
-58.09%
£5,000
£30,000
AHTS DUTIES AHTS > 18,000 BHP
£20,863
£35,129
-40.61%
£5,150
£50,000
SPOT MARKET ARRIVALS & DEPARTURES MID-DEC ‘14 TO JAN ‘15
ARRIVALS - NORTH SEA SPOT
ARRIVALS - CONTINUED
DEPARTURES - NORTH SEA SPOT
HIGHLAND PRINCESS
EX WEST AFRICA
SKANDI SKANSEN
EX MEDITERRANEAN
OLYMPIC ZEUS
WEST AFRICA TERM
SEA LYNX
EX BLACK SEA
TROMS LYRA
EX WEST AFRICA
PACIFIC LEADER
FALKLANDS TERM
SIEM AQUAMARINE
EX WEST AFRICA
UOS ENTERPRISE
EX WEST AFRICA
PACIFIC LEGEND
FALKLANDS TERM
SKANDI ICEMAN
EX MEDITERRANEAN
UOS FREEDOM
EX WEST AFRICA
SEA TRIUMPH
AUSTRALIA TERM
* Vessels arriving in or departing from the North Sea term market are not included here.
6 SEABREEZE
NORTH SEA AVERAGE SPOT RATES
NORTH SEA AVERAGE SPOT MONTHLY RATES
£40,000
£20,000
PSVs < 900m²
All Cargo Runs
£30,000
£15,000
£20,000
£10,000
£10,000
£5,000
£-
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2014
£9,813
£15,165
£9,746
£8,597
£11,296
£10,682
£10,595
£11,421
£11,609
£9,784
£8,521
£5,502
2015
£5,091
£-
£-
£-
£-
£-
£-
£-
£-
£-
£-
£-
£25,000
PSVs <
> 900M²
900M2
900m²
£20,000
£15,000
£10,000
£5,000
£-
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2014
£12,653
£20,559
£12,136
£11,409
£12,840
£9,112
£11,583
£14,432
£13,712
£10,278
£9,949
£5,639
2015
£6,141
£-
£-
£-
£-
£-
£-
£-
£-
£-
£-
£-
£70,000
£80,000
£70,000
£60,000
£60,000
£50,000
£50,000
£40,000
£40,000
£30,000
£30,000
£20,000
£20,000
£10,000
£-
AHTS < 18,000 bhp
PSVs > 900M²
900M2
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2014
£29,925
£22,073
£10,505
£28,314
£12,190
£14,485
£16,551
£68,689
£53,533
£32,724
£30,803
£6,708
2015
£12,541
£-
£-
£-
£-
£-
£-
£-
£-
£-
£-
£-
£80,000
£70,000
£60,000
£50,000
£40,000
£30,000
£20,000
£10,000
£-
AHTS
18,000 bhp
Rig> Moves
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2014
£35,129
£26,271
£17,553
£39,977
£21,758
£18,967
£28,759
£73,541
£68,657
£52,724
£28,222
£8,547
2015
£20,863
£-
£-
£-
£-
£-
£-
£-
£-
£-
£-
£-
£30,000
£40,000
£25,000
£30,000
£20,000
Average
Rates
To Month
Average Day Rates
To Day
Month
(January
2015)(June 2013)
£15,000
£20,000
£10,000
£10,000
£5,000
£-
PSVs < 900m²
PSVs > 900m²
AHTS < 18,000 bhp
AHTS > 18,000 bhp
2014
£10,833
£9,813
£12,591
£12,653
£20,252
£29,925
£27,835
£35,129
2015
£5,091
£-
£6,141
£-
£12,541
£-
£20,863
£-
SEABREEZE 7
FEATURE VESSEL
BERNHARD SCHULTE SX175 WIND SERVICE VESSELS
Ulstein Verft has signed a shipbuilding contract with Bernhard
Schulte for two newbuild service operation vessels to be built to
the ULSTEIN SX175 design. The final detailed arrangements and
equipment for the vessels have been developed and specified in
cooperation with WINDEA Offshore GmbH & Co. KG, Bernhard
Schulte’s affiliate for offshore wind projects.
These are the first vessels that
will be built utilising Ulstein’s
new X-STERN hull line design,
and this order also represents
Ulstein’s 100th sale of a vessel
with its X-BOW hull design.
Ulstein has indicated that these
features allow the vessels to
operate with either their stern or
front towards the wind, waves
or current, increasing their
operational window.
These will be the first offshore
8 SEABREEZE
wind service vessels to be built
at the Ulstein Verft yard, with
deliveries scheduled for the
second quarter of 2016 and the
first quarter of 2017.
The vessels can accommodate
60 persons in single cabins, of
which 40 cabins are dedicated
to technicians who service wind
turbines. However, the Bernhard
Schulte vessels will specifically
be outfitted to accommodate 109
persons.
VESSEL SPECS:
Design: ULSTEIN SX175
Length: 88m
Breadth: 18m
Speed: 13.5 knots
Accomodation: 109 persons
Design features: Ulstein
X-BOW and X-STERN hull lines
OSV NEWBUILDINGS, S&P
STRIL BARENTS DELIVERED TO MØKSTER
PSV Stril Barents from the Vard
Aukra shipyard in Norway. A
naming ceremony will take place
in Stavanger on February 5. The
vessel’s hull was built by Vard
Braila in Romania.
Simon Møkster Rederi has
accepted delivery of its newbuild
Stril Barents was built to the
VARD 1 06 design, giving her
a cargo deck area of 750m², a
deadweight of 4,264t, a maximum speed of 16 knots and an
accommodation capacity for 27
persons. She is a duel fuel PSV,
meaning she can operate on
both Marine Gas Oil and LNG.
Stril Barents will now enter into
a long-term charter with Eni
offshore Norway.
TROMS PSV DELIVERED IN VIETNAM
Newbuild PSV Troms Mira
has been delivered to Troms
Offshore AS, a wholly-owned
subsidiary of Tidewater. The
vessel was built at the Vard Vung
Tau facility in Vietnam.
Built to the VARD PSV 1 08 CD
design, Troms Mira will primar-
ily be positioned for operations
in the North Sea and arctic
waters, and she will be managed
by the Troms team in Norway.
The vessel has a cargo deck area
of 830m², a deadweight of 3,956t,
a maximum speed of 14.2 knots
and an accommodation capacity
for 28 persons.
COSCO DELIVERS PSV TO TIDEWATER
Tidewater has also accepted
delivery of a newbuild PSV, the
Chauvin Tide, from the COSCO
(Guangdong) Shipyard in China.
Built to Rolls Royce’s UT 771
CDL design, the Chauvin Tide
has a length of 83.75m, a breadth
of 18m, and a loading capacity of
3,800 tonnes. She is capable of
accommodating 46 persons.
Separately, the COSCO
(Guangdong) Shipyard recently
launched the first of eight Rolls
Royce UT 771 WP PSVs that it
is building for Singapore-based
Chellsea.
DE HOOP DELIVERS ONE AND LAUNCHES ANOTHER
The De Hoop Shipyard in the
Netherlands delivered newbuild
PSV Delta Admiral to Delta
Logistics Limited of Trinidad in
December. Built to De Hoop’s
Kiss design, the vessel has
dimensions of 70m x 15.8m and a
deadweight of more than 2,500t.
The De Hoop yard has also recently launched Prince Job I, the
first of two PSVs it is building for
Awaritse Nigeria Limited (ANL).
The Prince Job I is a 68m PSV
designed for operations offshore
Nigeria. Delivery is scheduled for
later this quarter.
SEABREEZE 9
OSV NEWBUILDINGS, S&P
REM ARCTIC LAUNCHED IN NORWAY
The launching of Rem Offshore’s
newbuild arctic PSV took place
at the Kleven Verft Shipyard in
Ulsteinvik, Norway, on January
15, 2015.
To be named Rem Arctic, the
vessel is being built to Wärtsila
Ship Design’s VS485 MK III Arctic
design. This will provide her
with a number of features for ice
prevention and de-icing, meaning
she is well suited for operations
in arctic conditions. Rem Arctic’s
hull and propulsion systems will
have ICE-1B class notation. Delivery of the vessel is scheduled for
the second quarter of 2015.
FIRST PX121 LAUNCHED FOR BRITOIL
The first of two newbuild PX121
PSVs being built for Britoil Offshore Services has been launched
in Indonesia.
To be named Britoil Power, the
vessel is being built at PT Britoil
Offshore Shipyard in Batam,
Indonesia. Her sister vessel,
Britoil Energy, is scheduled to be
launched in February 2015.
These vessels mark Britoil’s first
entry into the PSV sector, with
the owner’s active fleet consisting
mainly of anchor handling tugs
and cargo barges. Ulstein’s popular PX121 design provides vessels
with a deck area of 850m² and a
deadweight of 4,200 tonnes.
THREE OSVS DELIVERED TO VROON
Vroon Offshore Services has
recently accepted delivery of
three newbuild vessels in China.
VOS Glamour (pictured) and
VOS Glory were delivered by
the Fujian South East Shipyard;
these are the first two of four
60m field support vessels that
Fujian is building for Vroon.
FASTNET SENTINEL DELIVERED IN CHINA
Sentinel Marine has celebrated
the delivery of Fastnet Sentinel,
its second of four 61m Multi Role
ERRVs being built at the Fujian
South East Shipyard in China.
Fastnet Sentinel will now be
mobilised to the South Atlantic
Ocean, where she will support
a drilling campaign offshore the
10 SEABREEZE
Falkland Islands. The third vessel
in the series, Lundy Sentinel, was
also recently launched at Fujian,
with the final unit, Forties Sentinel, to follow later in the year.
Sentinel Marine also has four
larger 62m Multi Role ERRVs
scheduled for delivery in late
2015/early 2016.
Meanwhile, VOS Faithful was
delivered by Jiangsu Island
Shipbuilding in Nanjing. This
is the third of six 50m ERRVs
that are being built for Vroon at
Jiangsu Island.
VOS Glamour, VOS Glory and
VOS Faithful are all destined for
operations in the North Sea.
OSV NEWBUILDINGS, S&P
HAVYARD TO BUILD WIND SERVICE VESSEL FOR ESVAGT
Havyard Ship Technology AS has
signed a contract with ESVAGT
to design and build a Havyard
832 SOV windmill service vessel.
ESVAGT will utilise the vessel to
fulfil a long-term contract it has
been awarded for servicing the
Dudgeon Offshore Wind Farm,
which is operated by Statoil off
the east coast of England. The
five-year plus options charter
is scheduled to commence in
autumn 2016.
The newbuild ESVAGT vessel
will have a length of 83.7m,
breadth of 17.6m, speed of 14
knots and an accommodation
capacity for 60 persons.
NAM CHEONG SELLS TWO VESSELS
Nam Cheong Limited has sold
two newbuild vessels for a total
consideration of approximately
USD 45 million.
One 6,000bhp AHTS vessel has
been sold to Vroon Offshore,
while one 5,000 deadweight
PSV was sold to the E.A. Temile
Development Company of
Nigeria Limited.
The vessels are due for delivery
in 2015. Both are classed by the
American Bureau of Shipping
(ABS), and they are being built
as part of Nam Cheong’s buildto-stock series at subcontracted
yards in China.
This continues Nam Cheong’s
focus on the shallow water
sector.
WUCHANG RECEIVES ORDER FOR 16 OSVS
The Wuchang Shipbuilding
Industry Group, a subsidiary
of China Shipbuilding Industry
Corporation (CSIC), has received
an order to build 16 OSVs for a
Singaporean shipowner.
Wuchang will build six 8,000
bhp AHTS vessels and ten 16,000
bhp multi-purpose workboats.
The AHTS vessels are based on
an inhouse Wuchang design,
with the shipyard claiming to be
the first yard in China to break
into the international market
with the 8,000 bhp AHTS vessel
series.
RECENT DELIVERIES OF NEWBUILD OSVS
NAME
TYPE/DESIGN
OWNER/ MANAGER
COMMITMENT
CHAUVIN TIDE
ROLLS ROYCE UT 771 CDL PSV
TIDEWATER
TBC
DELTA ADMIRAL
DE HOOP KISS PSV
DELTA LOGISTICS LTD
CENTRAL AMERICA
FASTNET SENTINEL
61M MULTI ROLE ERRV
SENTINEL MARINE
FALKLAND ISLANDS
STRIL BARENTS
VARD 1 06 PSV
SIMON MØKSTER REDERI
NORTH SEA
TROMS MIRA
VOS FAITHFUL
VARD 1 08 CD PSV
50M ERRV
TROMS OFFSHORE/TIDEWATER
VROON OFFSHORE
TBC
NORTH SEA
VOS GLAMOUR
60M FIELD SUPPORT VESSEL
VROON OFFSHORE
NORTH SEA
VOS GLORY
60M FIELD SUPPORT VESSEL
VROON OFFSHORE
NORTH SEA
SEABREEZE 11
SUBSEA
SUBSEA MARKET ROUND-UP
At the time of writing this section,
the price of Brent Crude was
around USD 48 a barrel and the
weakening offshore market has led
Rem Offshore to delay the delivery
of its NOK 800 million offshore
construction vessel from VARD by
a year.
The VARD 2 06 design newbuild
was originally due to be delivered
in the first quarter of 2016, but this
has now been pushed back until
the first quarter of 2017. The vessel
will have a length of 100m, beam of
25m and it will be equipped with
a 150t crane and accommodation
for 90 persons. The unit will also
be winterised with an Ice 1B hull,
specially designed for operations in
arctic areas. The challenging market has not prevented some vessel
owners from ordering additional
tonnage, however, as more yard
availability opening up has allowed
attractive deals to be made.
DEME has ordered two newbuild
vessels at the La Naval yard in
Spain and the Uljanik yard in
Croatia, to respectively build a
multipurpose vessel, to be named
Living Stone, and a self-propelled
jackup, to be named Apollo. Both
vessels will be delivered in 2017.
Following delivery the Apollo,
which will be equipped with an
800t leg-encircling crane, a free
deck area of 2,000m², a length of
106.8m, and capabilities to operate
in 70m water depths, will join
GeoSea’s fleet of self-propelled
jackups. The Apollo will also have
accommodation for 90 persons,
upgradeable to 150. Meanwhile.
the Living Stone will be equipped
with a fall-pipe system, as well as
cable/umbilical loading & installation facilities, accommodation for
100 persons, and rock installation
capabilities.
Elsewhere, Keppel Singmarine
has secured a USD 198.9 million
contract with New Orient Marine
Pte Ltd to construct an ice-class
multi-purpose vessel. Scheduled
for delivery in mid-2017, the vessel
will be equipped with DP3 station
keeping, diving support functions,
and Arc 5 ice-class notation for
operations in temperatures down
to minus 30˚C. Keppel Singmarine
now has four ice-class vessels on
its order book.
FARSTAD PLACES NOK 520 MILLION ORDER WITH VARD
Further to an earlier Seabreeze
publication, Farstad Shipping
has placed a NOK 520 million
order for a newbuild IMR
support vessel with Vard Holdings. Delivery of the vessel is
scheduled from Vard Vung Tau
in Vietnam in the fourth quarter
of 2016.
The unit will be built to the
VARD 3 17 design, and will
have a length of 98m, a beam of
21.5m, and a deck area of around
HAVYARD DELIVERS AFRICAN INSPIRATION
Havyard has delivered the Havyard
857L-design offshore construction
vessel African Inspiration (pictured
c/o D Dodds) to Marine Platforms.
The 113m long vessel is targeted
for the deepwater market offshore
Nigeria and is equipped with two
12 SEABREEZE
200hp work-class ROVs, a 250t
crane and accommodation for 120
persons. Marine Platforms currently operates the 2009-built Siem
Marlin and the 2010-built African
Vision offshore Nigeria, as well as
12 work-class ROV systems.
900 m². She will be equipped
with a crane with a maximum
lift of 150t, and will have accommodation for 85 persons.
This order is to fulfil Farstad’s
five-year frame agreement with
Technip for light construction
and IMR duties, which is due to
commence in the first quarter of
2017.
SUBSEA
STONE ENERGY LOOKS TO TECHNIP
Stone Energy has elected
Technip to design, manufacture
and install a 5-in flexible pipe
for the Amethyst field, located in
Mississippi Canyon Block 26 in
the Gulf of Mexico.The 9km pipe
will be tied back to the Pompano
fixed platform, in around 395m
of water, utilising Technip’s
pipelay vessel Deep Blue. The
Deep Blue has a length of 206m,
a 400t max lift crane, and 770t
tensioning capacity for the
installation of up to 28-in pipes.
SIEM GIVES DAYA MORE TIME
Siem Offshore has given Daya
Materials until April to pay the full
10% deposit for its acquisition of
OCVs Siem Daya 1 (pictured c/o H
M Valderhaug) and Siem Daya 2.
Thus far, Daya has paid USD 1.4
million towards the deposit, which
will equate to 10% of the purchase
price. The purchase price, which
was agreed in August 2014, is USD
282 million and would result in a
profit to Siem Offshore of USD 64
million. Both units are due to be
handed over to Daya by mid-July
and are currently on long-term
charter to Daya. The charter
agreements will continue until
deliveries are concluded.
EMAS WINS APACHE’S JULIMAR CAMPAIGN
Apache has awarded EMAS
AMC a subsea construction
contract worth USD 105 million
for work offshore Australia.
The contract scope covers project
management, engineering, transportation, and subsea installation
of an electro-hydraulic steel tube
umbilical, two heavy lift subsea
manifolds, flying leads and
jumpers, as well as the procurement, fabrication, transportation
and installation of diverless
tie-in spools for Apache’s Julimar
development project.
Project management and engineering will begin immediately,
while the derrick pipelay barge
Lewek Constellation will be
deployed for the offshore scope
in the first quarter of 2016.
TECHNIP EXERCISES OPTION ON VIKING NEPTUN
Technip has exercised the first
extension option on its contract
with Reach Subsea in relation to
Eidesvik’s offshore construction
vessel Viking Neptun.
The Salt 301-designed newbuild
was originally fixed to Technip for
110 days from March 2015 upon
delivery from the Kleven yard in
Norway, but this has now been
extended to 180 days during 2015.
The 145m long vessel has a 400t
crane, DP 3 station keeping, and
ice-class B notation. The Viking
Neptun will be manned by Eidesvik’s marine crew as well as being
equipped with Reach Subsea’s
ROVs and ROV personnel.
SEABREEZE 13
SUBSEA
REM OFFSHORE SECURES CHARTERS
DeepOcean has entered into a
charter with Rem Offshore to
utilise the OCV Rem Forza for a
period of three years firm with
additional options tied in.
The MT 6022-designed Rem Forza
has a length of 108m, a maximum
lift of 250t and accommodation
BRANDON BORDELON TO WORK FOR BIBBY
Bibby Subsea has signed a threeyear contract with Bordelon Marine for its newbuild IRM vessel
Brandon Bordelon, commencing
in August 2015 upon delivery
from the Bordelon Marine yard.
The vessel will be working in
the US Gulf of Mexico providing
a variety of operations, such as
IRM, light construction, survey
and inspection work. The DP2
Brandon Bordelon is equipped
with a 54t crane, accommodation for 60 persons and she will
OCEAN YIELD TAKES DELIVERY OF SBM INSTALLER
Ocean Yield has taken delivery of
DP3 diving support and construction vessel SBM Installer.
SBM Offshore will bareboat
charter SBM Installer for a fixed
period of 12 years, with certain
options to acquire the vessel
for 120 persons. Additionally, Rem
Offshore has secured an extension
on the MT 6022L-designed Rem
Pioneer, currently on charter to
Micoperi. The 117m long vessel
will remain with Micoperi until
February 2016, with an additional
one-year option remaining.
have a length of 78m.
during the charter period. The first
purchase option is exercisable after
five years. The MT-6024 designed
vessel has a length of 111m, a 250t
knuckle boom crane and a 150t
winch, as well as accommodation
for 100 persons.
N-SEA CHARTERS VESSEL FOR THREE-YEAR CAMPAIGN
Siem Offshore has entered into
a charter agreement with N-Sea
for the IRM support vessel Siem
N-Sea (formerly Siem Stork).
The charter commenced on
January 1, 2015 and N-Sea will
utilise the MT 6017 MkII-designed vessel, which has a
length of 94m, 100t max lift and
accommodation for 68 persons,
for a firm period of three years.
EUROPEAN BUILT SUBSEA DELIVERIES (NEXT THREE MONTHS)
SHIP OWNER
NAME
CHARTERER
SHIP YARD
TYPE
DESIGN
MONTH
CEONA
CEONA AMAZON
-
HUISMAN SCHIEDAM
OCV
-
FEB
FARSTAD
FAR SLEIPNER
-
VARD LANGSTEN
OCV
VARD 3 07
MAR
VOLSTAD MARITIME
GRAND CANYON II
VOLSTAD
KLEVEN VERFT
OCV
ST 259 CD
MAR
EIDESVIK
VIKING NEPTUN
TECHNIP
KLEVEN VERFT
OCV
SALT 301
MAR
OLYMPIC SHIPPING
OLYMPIC BIBBY
BIBBY
KLEVEN VERFT
IRM
6021 MKII
APR
ALLSEAS
PIETER SCHELTE
TALISMAN
DAEWOO
DERRICK PIPELAY
-
APR
14 SEABREEZE
RIG, FIELD & OIL COMPANY NEWS
OIL PRICE
VS RIG
UTILISATION
100%
90%
98.9% 98.9% 98.9% 98.9% 98.9%
$107.57
$108.81
$107.41
$107.88
$109.68
98.3% 97.3%
95.8% 95.9% 95.3% 94.3% 95.0% 95.9%
$110
$111.87
$106.98
$100
$101.92
80%
70%
$97.34
73.7%
$90
$87.27
72.4% 71.2% 72.0% 71.6%
71.1% 70.8%
$80
$78.44
67.6%
65.8%
60%
$70
63.0% 62.9%
61.6%
$62.16
58.6%
50%
$50.77
40%
Jan 14 Feb 14 Mar 14 Apr 14 May 14 Jun 14 Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 Jan 15
Average Brent Crude US$ / Bbl
$120
Northwest Europe Rig Utilisation
$60
$50
$40
US Gulf Rig Utilisation
ABS APPROVES NEW HYUNDAI DRILLSHIP DESIGN
Hyundai Heavy Industries has
received approval in principle
from classification society ABS
for its next-generation HD12000
drillship design.
The heavy duty, wide beam
drillship, which can accommodate a 20,000-psi, will be capable
of operating in water depths of
12,000ft (3,658m) and of drilling
wells to a total depth of 40,000ft
(12,192m).
The rig design is based on Hyundai‘s proprietary technology, and
comes with an innovative hull
form and DP3 station keeping.
TRANSOCEAN SCRAPPING 12 RIGS
Transocean has recently confirmed that it intends, in an
environmentally responsible manner, to scrap 12 of its
lower-specification floating drilling rigs.
The list of Transocean rigs to be scrapped includes: the
1976-built semi C. Kirk Rhein, Jr., the 1976-built drillship Discoverer Seven Seas, the 1974-built semi Falcon
100, the 1983-built semi GSF Arctic I, the 1974-built
semi J.W. McLean, the 1983-built semi Sedco 601, the
1973-built semi Sedco 700, the 1974-built semi Sedco
703, the 1977-built semi Sedco 709, the 1983-built semi
Sedco 710, the 1973-built semi Sedneth 701, and the
1984-built semi Sovereign Explorer.
Given the challenging market conditions at the current time, Transocean is not the only rig contractor
announcing plans to scrap older tonnage, with the likes
of Atwood Oceanics, Diamond Offshore and Ensco also
confirming plans to offload some of their lower-specification semisubmersible rigs that were built in the 1970s
and 1980s.
RIG UTILISATION
LOCATION
JAN
2015
JAN
2014
JAN
2010
NORTHWEST EUROPE
95.9%
98.9%
86.0%
US GULF
58.6%
73.7%
59.2%
RIG TYPE
AVERAGE RATES US$
SEMISUBMERSIBLE < 1,500 FT WD
288,000
SEMISUBMERSIBLE > 1,500 FT WD
349,000
SEMISUBMERSIBLE 4,000 FT + WD
439,000
DRILLSHIP 4,000 FT + WD
520,000
JACKUP IC 300 FT WD
114,000
JACKUP IC 300 FT + WD
180,000
INACTIVE RIGS NORTHWEST EUROPE
NAME
TYPE
STATUS
LOCATION
BORGNY DOLPHIN
SS
COLD STACKED
BELFAST
GSF ARCTIC III
SS
WARM STACKED
INVERGORDON
J.W. MCLEAN
SS
TO BE SCRAPPED
INVERGORDON
OCEAN VANGUARD
SS
COLD STACKED
INVERGORDON
WEST NAVIGATOR
DS
WARM STACKED
SLOVAG
SEABREEZE 15
CONUNDRUM CORNER,
DUTY PHONES
IN MEMORY OF
THE SEABREEZE ARCHIVE
We regret to advise that our former colleague, Jan
Skaare, passed away in Rio de Janeiro, Brazil, on Friday
23rd January, 2015.
For the current or archive copies of Seabreeze go
to: http://www.seabrokers.co.uk/ - see under
Shipbroking / Market Reports. If you wish to
Subscribe or Unsubscribe please contact :
[email protected]
Jan was well known in the offshore industry, and
during his 23 years with Seabrokers he worked in our
Stavanger office, as well as starting up our office in Rio
de Janeiro where he worked for many years.
Jan will always be remembered as an enthusiastic,
knowledgeable and kind person, and our thoughts are
with Jan’s family at this time.
CONUNDRUM CORNER
The answer to last month’s teaser :-
SEABROKERS OFFICE CONTACTS
SEABROKERS LIMITED - ABERDEEN
Seabrokers House, Prospect Road
Arnhall Business Park, Westhill
Aberdeenshire AB32 6FE - Scotland
Duty Telephone ++44 1224 747744 (24 Hrs)
Duty Mobile ++44 7802 304129
Internet www.seabrokers-group.com
E-Mail [email protected]
SEABROKERS CHARTERING AS - STAVANGER
I add five to nine, and get two. The answer is
correct, but how can this be?
The correct answer was :- either 1) a clock (five
hours after 9 o’clock is 2 o’clock), or 2) a fortnight
(adding five days to nine days = 2 weeks).
Congratulations to the winner :- Bjørn Julius
Ulstein Vattøy
This month, our poser is as follows:
At a party, everyone shook hands with everybody
else. There were 66 handshakes.
How many people were at the party?
Answers back to [email protected] for
a chance to win a bottle of wine.
Forusbeen 78 - 4033 Stavanger - Norway
Duty Telephone ++47 51 815400 (24 Hrs)
Internetwww.seabrokers-group.com
E-mail [email protected]
SEABROKERS BRASIL LTDA - RIO DE JANEIRO
Rua Lauro Muller no 116, Sala 1404,
Edificio Rio Sul Center Cep: 22.290-160,
Botafogo, RJ - Rio de Janeiro - Brazil
Duty Telephone ++55 21 3505 4200 (24 Hrs)
Internet www.seabrokers-group.com
E-mail [email protected]
HEADING
SEABROKERS PTE LTD - SINGAPORE
165 B Telok Ayer Street - Singapore 068617
Telephone
++65 6224
0951
Quiatis
imaximilitem
num6062
enisorporum
ne dolles
Internet www.seabrokers-group.com
quiE-mail
rerum
id
min
corepta
dolo
quo
conet
[email protected] il id
quisto que voluptatus eatis re ventur? Hilibust
SECURALIFT
ASperibustis
- STAVANGER
quis
as mincias
qui dolorit officatus
Gamle
Forusvei
53
4033
Stavanger
- Norway
aut preiumquas qui iuscimu sapelest,
esto odio.
Telephone ++47 51 800000
Itatecum
cus
acerum
ipidunture
corporpores
et int
Internet www.securalift.com
faccum remperi onsequi
SEA SURVEILLANCE AS - BERGEN
Laksevaagneset 12 5160 Laksevaag - Norway
Telephone ++47 55 136500
Internet www.seabrokers-group.com
16 SEABREEZE