SEABROKERS DIVERSIFYING INTO AQUACULTURE SECTOR - AUGUST 2021
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AUGUST 2021 SEABROKERS DIVERSIFYING INTO AQUACULTURE SECTOR
CONTENTS
3 OSV MARKET ROUND-UP ABOUT SEABROKERS GROUP
6 OSV AVAILABILITY, RATES & The Seabrokers Group was established in 1982. We
provide a unique and varied range of services to
UTILISATION - NORTH SEA clients. The Seabrokers Group has an experienced
workforce within Shipbroking, Real Estate,
7 MONTHLY OSV SPOT RATES - Facilities Management, Construction, Sea
Surveillance, Harbour Cranes and Safe Lifting
NORTH SEA Operations. Our head office is located in Stavanger,
but we also have offices in Aberdeen, Bergen and
Rio de Janeiro.
8 FEATURE VESSEL
The Seabrokers Group is different – and we are
9 OSV NEWBUILDINGS, CONVERSIONS, proud of this fact. Our information, experience and
knowledge provide us with the ability to perform
SALE & PURCHASE in our diverse business areas.
11 SUBSEA Seabrokers Chartering AS and Seabrokers Ltd are
certified by DNV GL in line with Management
System Standard ISO 9001:2015.
14 RENEWABLES
15 RIGS
16 CONUNDRUM CORNER
& DUTY PHONES
SHIPBROKING REAL ESTATE
SECURALIFT FACILITY MANAGEMENT
Production and Administration:
Seabrokers Ltd, Aberdeen SEA SURVEILLANCE FOUNDATIONS
For your free copy of
Seabreeze, email: YACHTING HARBOUR CRANES
chartering@seabrokers.co.uk
The Seabreeze Monthly Market Report OUR OFFICES:
is distributed worldwide through STAVANGER BERGEN SKIEN
our offices in Aberdeen, Stavanger and
ABERDEEN RIO DE JANEIRO
Rio de Janeiro.
© Seabrokers Group 2021 www.seabrokers-group.com
OSV MARKET ROUND-UP
SIGNS OF SOFTENING AQUACULTURE ARRIVAL FOR SEABROKERS
IN SPOT PSV MARKET Seabrokers Chartering AS has vessels. Today, as the company
completed the acquisition of enters into its 40th year as a
North Sea PSV owners may be 75% of the shares in Skagen Ship Shipbroker, that experience
faced with a bit of a dilemma Consulting. This move continues from the last four decades will be
over the next couple of months. Seabrokers’ diversification utilised to spur further growth in
The market has recovered strategy, providing the company Skagen Ship Consulting.
substantially this year with with a strong foothold in the
demand, utilisation and fixture aquaculture sector. With an ongoing necessity for
rates (both spot and term) all more advanced tonnage within
rebounding sharply from their Founded by Håkon Rugland and the energy industry, there are
2020 lows. That prompted a long Patrick Ramsberg, Skagen Ship potential opportunities for the
list of owners to return laid-up Consulting will fit seamlessly conversion of smaller offshore
PSVs back into service. That into the Seabrokers organisation vessels into fish farm workboats
reactivation cycle was more than where entrepreneurial spirit alongside newbuilding activity
necessary to ensure sufficient forms a big part of the company’s for the modernisation of the
supply levels for the summer DNA. The transaction builds on aquaculture fleet. Skagen Ship
season this year, with several the history of Seabrokers, which Consulting has already shown
spells of limited availability was founded back in 1982 when a fantastic understanding of the
on the spot market despite the founder Ragnvald Albretsen market, leading to five newbuild
higher levels of active supply. had a vision to convert laid-up vessel orders alongside several
fishing boats into offshore supply international sale transactions.
However, with the spot market
showing signs of softening,
particularly during the first half FAMILIAR COMMENTARY FROM OSV OWNERS
of August, owners will have one
eye on the potential declines in OSV owners have returned to few newbuild vessels entering
demand that may materialise as familiar territory with their the market (with the exception of
we approach winter. The state comments on the state of the purpose-built windfarm support
of the market at the tail-end of market within their quarterly vessels), this adds credence to
the year may depend on owners’ results. There was a common an expectation for improving
collective desire and/or ability to agreement that the OSV sector utilisation and day rates.
return tonnage back into layup is slowly improving, both within
temporarily until demand levels oil & gas and the renewables That sentiment was echoed by
resume an upward trend again market. various other owners, although
come spring 2022. That may be a the optimism was tempered by
tough call for those owners who Within oil & gas, Solstad and the likes of DOF, who continued
only recently made the decision Tidewater have identified rising to lament the oversupply of
to invest in reactivations. activity in several geographic tonnage that is still apparent
regions that should provide new today. Siem Offshore maintained
Spot fixture rates in August were opportunities going forward. its assertion that consolidation
in a range of GBP 5,000-10,500 Brazil and Norway were both remains a necessity, where “all
(USD 6,880-14,445) in the UK frequently referenced by owners parties involved must show a
sector, and NOK 55,000-175,000 for rising activity in the years to common interest in creating a
(USD 6,330-20,135) in Norway. come. Furthermore, with very sustainable market.”
SEABREEZE 3
OSV MARKET ROUND-UP
ESVAGT AND TOTALENERGIES AGREE DEALS Hermit Fighter (pictured c/o George58)
Esvagt and TotalEnergies have
entered into contracts for the
utilisation of several Esvagt
vessels in the Danish North Sea.
The agreements involve various
multi-purpose vessels for the
provision of emergency response
services as well as the transport
and transfer of both goods and
personnel.
The underlying contracts
involve the Esvagt Dana, a
combined Walk-to-Work and
Emergency Response & Rescue
Vessel (ERRV); two Ulstein
PX121 PSVs that will be rebuilt
as multifunctional vessels has received contract extensions into a contract to convert the
combining transport and ERRV from TotalEnergies for three of Hermit Fighter and Hermit
duties; and two Esvagt Group its Group 3 ERRVs. Prosper into hybrid-powered
2 ERRVs. All of the units have multipurpose ERRVs. These will
been committed on long-term With regards to the PX121 PSVs, be new additions to the Esvagt
contracts. Furthermore, Esvagt Esvagt and Ulstein have entered fleet.
FERKING FIXED AGAIN BY EQUINOR
Equinor has exercised an option options available. The Normand
to extend its contract with Ferking, a VS 490 vessel, has
Solstad AHTS vessel Normand worked continously for Equinor
Ferking for at least one more (and Statoil/StatoilHydro) since
year. The 14 year-old vessel her delivery in 2007. She is a
is now firmly committed to 20,700 bhp vessel with a length
Equinor until at least November of 89.35m, deck area of 745m²
2022 with two further one-year and a bollard pull of 239mt.
MORE NORTH SEA CONTRACT EXTENSIONS
Wintershall DEA has extended offshore Norway until at least
its contract with Viking Supply late November. In the Southern
Ships to keep the Coey Viking North Sea, Myklebusthaug has
on hire for at least one more secured a four-month contract
well. The VS 4411 DF PSV is now extension for the Dina Scout
expected to continue supporting with Peterson. The eight year-
the charterer’s drilling campaign old vessel is now committed
with the Deepsea Aberdeen until at least December 2021. Coey Viking (pictured c/o O. Halland)
4 SEABREEZE
OSV MARKET ROUND-UP
LONGER SPOT CHARTERS COMMONPLACE Bourbon Monsoon (c/o A. Aasebø)
It has been a quiet spell on the
North Sea term market, with
very limited contracting activity
in recent weeks. That does tend
to be quite a common occurrence
for this time of year however,
after all the summer season
contracts have been finalised.
One trend that has emerged has
been an increasing prevalence
of charterers sourcing PSVs
on lengthy spot contracts. One
example has seen the Bourbon
Monsoon go back on hire for the
first time in more than four years
following her recent reactivation
from layup. The 2007-built in the North Sea back in the charter for the Siddis Sailor with
vessel has been chartered by Vår fourth quarter of 2016. Vår Energi, a 28-day plus options
Energi on a d/d 45 fixture that fixture for the Island Discoverer
could keep her occupied through Some other recent examples of with Peterson SNS, and a 30-day
all of September. The Bourbon longer-term spot charters have plus options charter for the Rem
Monsoon was last on contract included a 25-day plus options Supplier with Van Oord.
TERM CHARTER IN BRAZIL FOR CBO ENDEAVOUR
Grupo CBO has secured a term field in the Santos Basin.
charter in Brazil for its AHTS The CBO Endeavour is the
vessel CBO Endeavour. The former Skandi Bergen, which
2010-built unit has been fixed up Grupo CBO acquired from DOF
to TotalEnergies for a one-year in December 2020. The UT 731
plus options contract that started CD vessel, with a bollard pull of
in August. She will be supporting 251t, was relocated from Norway
CBO Endeavour (c/o Capt J. Plug) operations at the pre-salt Lapa to Brazil earlier this year.
NZ DEAL FOR EMERALD
DDW Offshore, a subsidiary of from November following the
Akastor, has secured a one-year rig’s relocation from the UK.
plus options contract with OMV The Skandi Emerald is one of
New Zealand for its AHTS vessel five AHTS vessels within the
Skandi Emerald. The 10 year- DOF Deepwater AS fleet whose
old vessel will be supporting ownership was transferred to
OMV’s drilling campaign with Akastor ASA last year as part of
the Valaris Gorilla VII jackup a debt restructuring agreement. Skandi Emerald (pictured c/o D. Dodds)
SEABREEZE 5
OSV RATES & UTILISATION
AUGUST 2021 - DAILY NORTH SEA OSV AVAILABILITY
PSV 2021 PSV 2020 AHTS 2021 AHTS 2020
20
18
16
14
12
10
8
6
4
2
0
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 AUGUST 2021
TYPE AUG 2021 JUL 2021 JUN 2021 MAY 2021 APR 2021 MAR 2021
MED PSV 71% 76% 78% 70% 64% 51%
LARGE PSV 66% 79% 75% 79% 68% 71%
MED AHTS 75% 68% 56% 67% 49% 37%
LARGE AHTS 63% 66% 59% 64% 54% 62%
NORTH SEA AVERAGE RATES AUGUST 2021
AVERAGE RATE AVERAGE RATE
CATEGORY % CHANGE MINIMUM MAXIMUM
AUG 2021 AUG 2020
SUPPLY DUTIES PSVS < 900M2 £6,042 £7,529 -19.75% £4,501 £9,000
SUPPLY DUTIES PSVS > 900M2 £7,270 £4,175 +74.13% £4,910 £14,320
AHTS DUTIES AHTS < 22,000 BHP £19,578 £32,250 -39.29% £8,183 £45,007
AHTS DUTIES AHTS > 22,000 BHP £24,312 £32,256 -24.63% £10,638 £52,372
SPOT MARKET ARRIVALS & DEPARTURES: AUGUST 2021
ARRIVALS - NORTH SEA SPOT DEPARTURES - NORTH SEA SPOT DEPARTURES CONTINUED
ENERGY DUCHESS EX BALTIC SEA A.H. VARAZZE SOUTH AMERICA ISLAND CHAMPION CANADA
MAERSK MINDER EX SOUTHEAST ASIA ALP STRIKER MEDITERRANEAN NICOBAR BALTIC SEA
SEA GOLDCREST EX BALTIC SEA ALP WINGER MEDITERRANEAN SEA SPARK RUSSIA
* Vessels arriving in or departing from the North Sea term/layup market are not included here.
6 SEABREEZE
NORTH SEA AVERAGE SPOT RATES
£40,000
£15,000
PSVs < 900m²
£12,500 All Cargo Runs
£30,000
£10,000
£20,000
£7,500
£5,000
£10,000
£2,500
£-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2020 £5,257 £6,308 £8,863 £3,485 £3,751 £4,485 £4,650 £7,529 £8,872 £6,651 £3,854 £7,618
2021 £6,774 £11,012 £7,778 £7,755 £9,241 £10,524 £8,750 £6,042 £- £- £- £-
£15,000
PSVs > 900m²
PSVs < 900M²
900M2
£12,500
£10,000
£7,500
£5,000
£2,500
£-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2020 £6,810 £8,014 £7,132 £3,733 £4,370 £4,769 £4,310 £4,175 £9,651 £6,664 £4,890 £5,542
2021 £5,818 £9,861 £8,360 £10,496 £10,872 £11,774 £9,031 £7,270 £- £- £- £-
£40,000
£40,000 AHTS < 22,000 bhp
£35,000
PSVs > 900M²
900M2
£30,000
£30,000
£25,000
£20,000
£20,000
£15,000
£10,000
£5,000
£-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2020 £7,959 £18,562 £25,486 £7,087 £10,745 £16,898 £16,961 £32,250 £23,271 £12,042 £9,100 £12,526
2021 £8,656 £10,928 £27,971 £15,068 £12,843 £16,287 £25,440 £19,578 £- £- £- £-
£40,000
£35,000
AHTS > 22,000 bhp
Rig Moves
£30,000
£25,000
£20,000
£15,000
£10,000
£5,000
£-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2020 £9,203 £16,901 £21,268 £8,141 £13,100 £17,197 £18,132 £32,256 £29,683 £9,585 £13,013 £11,762
2021 £8,442 £20,121 £35,211 £19,327 £15,401 £17,604 £23,149 £24,312 £- £- £- £-
£25,000
£25,000
Average
Average Day Rates Day Rates
To Month To Month
(August 2021) (June 2013)
£20,000
£20,000
£15,000
£10,000
£5,000
£-
PSVs < 900m² PSVs > 900m² AHTS < 22,000 bhp AHTS > 22,000 bhp
2020 £5,850
£5,894 £6,064
£5,460 £15,599
£18,919 £14,760
£17,572
2021 £8,941
£8,596 £9,034
£8,803 £16,386
£18,051 £20,939
£21,711
SEABREEZE 7
FEATURE VESSEL
REM OFFSHORE CSOVS
Rem Offshore and Vard have signed contracts for the design and construction of two Construction
Service Operation Vessels (CSOVs), with an option for two additional vessels.
The Vard 4 19-designed vessels The newbuilds will have a REM CSOV Specifications:
are to be built for worldwide length of 85m and a beam
services and maintenance of 19.5m, and they will be Delivery: 2023 / 2024
operations at offshore wind equipped with height-adjustable Builder: Vard
farms. motion-compensated gangways Design: Vard 4 19
with an elevator system, a Length: 85.0m
The first confirmed CSOV will height-adjustable boat landing Breadth: 19.5m
be delivered by Vard Norway system and a 3D-compensated Gangway: Motion-compensated
during the first half of 2023. crane. The CSOVs will also have c/w elevator
The hull of the vessel will be accommodation for 120 persons. Accommodation: 120 persons
constructed in Braila, Romania. Crane: 3D compensated
The second confirmed newbuild Meanwhile, Rem Offshore’s
will be built and delivered at Havyard 833-designed Rem
Vard’s shipyard facility in Vung Energy CSOV, which is under
Tau, Vietnam, with delivery construction at Green Yard
scheduled for 2024. The firm Kleven, is due to be delivered
contracts for the two initial during the fourth quarter of this
vessels carry an indicative year. Following delivery, she
total value for Vard of EUR 100 will commence operations for
million (USD 86 million). Siemens Gamesa.
8 SEABREEZE
NEWBUILDS, CONVERSIONS, S&P
CBO ACQUIRING FINARGE APOIO MARITIMO
CBO Holding S.A. has signed Camogli, A.H. Liguria, A.H.
an Investment Agreement to Valletta and A.H. Varazze. Four
acquire Finarge Apoio Maritimo of the units are already in Brazil,
Ltda, a Brazilian subsidiary of and they will soon be joined
Rimorchiatori Riuniti. This by the A.H. Varazze which is
acquisiton will add five AHTS currently being relocated from
vessels to the CBO fleet: the the North Sea. Four of the five
Brazilian-flagged A.H. Giorgio vessels have multi-year contracts
P, and the foreign-flagged A.H. in place with Petrobras. A.H. Giorgio P (pictured c/o Capt J. Plug)
NORTH MARINER SOLD OUT OF NORTH SEA
The North Mariner has been in service trading in the North
mobilised from the North Sea to Sea but had been laid up since
Israel after Tidewater sold the January 2021 prior to the sale.
19 year-old PSV to Interglobal The North Mariner has a length
Shipping 3001 Ltd. of 84m, breadth of 18.8m and
The North Mariner was built to a deck area of 951m². She has a
the UT 745 design at the Simek main engine output of 9,600 bhp.
Shipyard in Flekkefjord, Norway. The vessel has been renamed as
North Mariner (pictured c/o George58) She has spent most of her time the Mariner.
STANDARD OLYMPUS SALE CONCLUDED
Standard Drilling has completed the PSV was originally delivered
the sale of the Standard Olympus by Havyard Ship Technology in
PSV for USD 7.5 million. The Norway in 2014. She was later
company had entered into a acquired by Standard Drilling
Memorandum of Agreement for in 2019. The Standard Olympus
the sale back in June, and the has been renamed as the Grip
sale of the vessel to AquaShip Explorer and removed from the
has now been concluded. North Sea OSV market for a new
Built to the Havyard 832 design, role in aquaculture. Standard Olympus (c/o J. Lambert)
WILSON ATLANTIC OFF TO GREECE
Another PSV permanently Wilson Atlantic is now known
leaving the North Sea is the as the Aias and she has been
Wilson Atlantic following her relocated from the North Sea to
acquisition by the Lavinia Greece. This follows the sale of
Corporation. Formerly owned by the Wilson Aegean earlier this
Wilson Offshore, the 18 year-old year to Antey LLC. The Wilson
PSV was formerly known as the Aegean has been renamed as the
Master Express and originally Arctic and relocated to eastern
Wilson Atlantic & Aegean (c/o Manfred) as the Toisa Independent. The Russia.
SEABREEZE 9
NEWBUILDS, CONVERSIONS, S&P
SOLSTAD SELLS THREE AHTS VESSELS
Solstad Offshore has been active be renamed as the GSP Vega.
on the S&P front, with three Another vessel that has been laid
more AHTS vessels offloaded up in Norway for several years,
in recent weeks. The Normand the 22 year-old Sea Panther,
Progress has been sold to GSP has been sold for recycling.
Offshore; the 1999-built vessel, Meanwhile, in Southeast Asia,
which has been laid up in the 2007-built Nor Tigerfish has
Normand Progress Norway since late 2016, will been sold to undisclosed buyers.
NEW OWNERS FOR FORMER POSH VESSELS
Two former POSH Semco eight year-old POSH Gannet has
vessels have been rehomed. The been acquired by Compañía de
POSH Resolve AHTS vessel is Apoyo Marítimo del Golfo SA de
on her way to China after she CV (CAMGSA) in Mexico. The
was acquired by Guangzhou POSH Resolve is an 8,000 bhp
Salvage. The 2011-built vessel PaxOcean AHTS vessel, while
had previously been laid up in the POSH Gannet is a POET 1514
the UAE. On the PSV side, the PSV. POSH Resolve (pictured c/o B. Poulsen)
NEWBUILD CREWBOAT DELIVERED TO ALLIANZ
Grandweld Shipyards in the ADNOC’s offshore projects in
UAE has delivered the second line with the UAE’s strategy to
of three crewboats for Allianz increase its oil & gas production.
Middle East Ship Management. The 42m vessel is capable of
Built to a GrandSuperior design, transporting 100 passengers and
the Allianz Surfer 2 is expected up to 70 tonnes of deck cargo at
to go on charter to support speeds in excess of 27 knots.
SHIPBUILDING RETURNS TO ABERDEEN
Dales Marine Services Ltd is Marine Design International Ltd
bringing shipbuilding back to is working with Dales Marine
Aberdeen. The company has on the newbuild Multifarm 18
been awarded a contract to unit following an international
fabricate a new multi-cat vessel tendering process. The Dales
platform for the aquaculture drydock in Aberdeen last saw a
sector. vessel built during the late 1980s.
RECENT DELIVERIES OF NEWBUILD OSVS
NAME TYPE/DESIGN OWNER/ MANAGER COMMITMENT
ALLIANZ SURFER 2 42M GRANDSUPERIOR CREWBOAT ALLIANZ MIDDLE EAST SHIP MANAGEMENT MIDDLE EAST
10 SEABREEZESUBSEA
SUBSEA MARKET ROUND-UP
DOF Subsea has secured coast. In addition, DOF will previously supported Eni’s East
multiple contracts for its fleet deploy its 2011-built DSV Skandi and West Hub developments
throughout August spanning the Singapore in the region during offshore Angola and she has
globe. 2022. A further contract award been working with the operator
will involve the utilisation of a since December 2020.
In the Asia-Pacific region, DOF high-specification vessel along
has secured multiple contracts with related subsea services Offshore Norway, DOF has been
that will utilise its resources for another pre-commissioning awarded a decommissioning
and vessels from the third and and commissioning support contract through its joint
fourth quarters of 2021 into the campaign off the Northern venture with Aker Solutions,
first half of 2022. Collectively, Australian coast. This campaign KDS JV AS. The 2008-built OCV
these contract awards secure is set to commence during the Skandi Acergy will be utilised on
more than eight months of vessel first quarter of 2022. the campaign and Aker Solutions
utilisation for DOF and will will use its disposal site at Stord
include the project management, Meanwhile, in Africa, DOF for recycling.
engineering and all associated Subsea has been awarded a
fabrication (subcontracted), six-month contract extension This contract will include
subsea and marine services. with Eni to continue supporting the engineering, preparation,
operations in Block 15 offshore removal and disposal work of
DOF will utilise its 2010-built Angola. associated subsea hardware.
OCV Skandi Hercules for several The project is understood to
offshore campaigns from the The scope of work here will cover DNO’s Oselvar field and
third quarter of 2021 to the first include project management, the scope covers the removal
quarter of 2022. The first project engineering, procurement and disposal of the template,
will be to support maintenance and logistical services within manifold, production spools,
activities at an offshore facility deep water construction and umbilical, covers and hardware.
in the Timor Sea for a short maintenance of existing subsea The offshore project will start
duration. Thereafter, the vessel infrastructure. DOF will use its during the first quarter of 2022,
will be used for construction and 2008-built OCV Skandi Seven to but with a possibility for an
pre-commissioning campaigns deliver integrated field support earlier start in the fourth quarter
off the Northern Australian vessel services. The unit has of this year.
MAERSK INVOLVER TO REMAIN IN ANGOLA
to continue to supporting its and repair services for multiple
operations offshore Angola. The assets.
DP3 vessel is equipped with a The contract also covers an
400t active heave-compensated integrated package of FSV and
crane, two work-class ROVs two work-class ROVs, as well
and accommodation for 120 as positioning services, project
persons. She has been working management and engineering.
TotalEnergies has awarded for TotalEnergies offshore The new contract will keep
Maersk Supply Service a one- Angola since September 2020 the Maerksk Involver occupied
year contract extension for its and will continue to provide full through to the third quarter of
2017-built OCV Maersk Involver scope inspection, maintenance 2022.
SEABREEZE 11SUBSEA
PETROBRAS CHARTERS TWO DOFCON PIPELAYERS
Petrobras has awarded DOFCON Vitoria and 2011-built Skandi
Navegação a contract to utilise Niteroi are Brazilian-flagged
the pipelay sister vessels Skandi vessels with a length of 142.2m,
Vitoria and Skandi Niteroi on a 250t offshore cranes and an
three-year charter. accommodation capacity for 120
DOFCON Navegação is a joint persons. The Skandi Niteroi has
venture between DOF Subsea a 270t VLS tower installed while
and TechnipFMC. the Skandi Vitoria is equipped
Petrobras has options to extend with a 350t VLS tower.
the contracts past the firm Operations are planned to
period. The 2010-built Skandi commence by February 2022. Skandi Niteroi
PROSAFE LOSES COURT BATTLE WITH WESTCON
Prosafe has been unsuccessful Westcon claimed an additional the Gulating Court of Appeal at
in its appeal to the Norwegian compensation of around NOK the Supreme Court but this was
Supreme Court against the NOK 306 million (USD 35.2 million) rejected, leaving the Gulating
465 million (USD 53.5 million) plus interest, while Prosafe Court judgement as final.
bill it has been informed to pay claimed repayment of NOK 344 The final verdict has informed
Westcon for the conversion of million (USD 39.6 million) for Prosafe to pay Westcon a total
the accommodation rig Safe project delays. sum of NOK 465 million (USD
Scandinavia into a semi-sub As a reminder, Prosafe initially 53.5 million), inclusive of legal
tender support vessel (TSV). won the Stavanger District costs, related to the conversion
The dispute between Westcon Court ruling, which was later of the TSV.
Yards and Prosafe relates to a overturned in Westcon’s favour The Safe Scandinavia, built
substantial cost overrun beyond by the Gulating Court of Appeal in 1984, is an anchor moored
Westcon’s price estimate to in April this year, ordering semisubmersible tender support
convert the Safe Scandinavia Prosafe to pay NOK 302.5 and accommodation vessel with
into a TSV following a contract million (USD 34.8 million) plus an acommodation capacity for
that was signed in 2015, as well interest and legal costs. 309 persons. She is capable of
as the delay to the project being In May this year, the company operating worldwide in harsh
completed. decided to address judgement by conditions.
TOTALENERGIES WELCOMES BACK BIBBY WAVEMASTER 1
for its 2017-built walk-to-work Dutch sector between 2018 and
vessel Bibby WaveMaster 1. 2020, providing walk-to-work
Under the deal, the vessel will and accommodation services
work for the operator in the for various programmes. Bibby
Dutch sector in 2022, 2023 and expects to complete more than
2024 for a minimum duration 10 gangway connections per
of 180 operational days per day while accommodating
Bibby Marine has secured a year, potentially extending to some 70 TotalEnergies EP
three-year contract with 236 days. The vessel previously Nederland personnel for the
TotalEnergies EP Nederland worked for TotalEnergies in the campaigns.
12 SEABREEZESUBSEA
PETROBRAS AWARDS FUGRO THREE-YEAR IMR CONTRACT
Petrobras has awarded Fugro during the fourth quarter of 2021 and accommodation for 60
a three-year charter to provide and will utilise the 2015-built persons. This award follows
subsea inspection, maintenance IMR vessel Fugro Aquarius, the completion of a four-year
and repair services in Brazil. which is equipped with two contract for the same vessel to
The contract will commence work-class ROVS, an A-frame perform similar services.
ISLAND VENTURE SECURES MULTI-YEAR RLWI CONTRACT
C-Innovation, an affiliate of accomplishment with the same This multi-year award follows
Edison Chouest Offshore, has operator over the last two years. a one-year contract extension
secured a new multi-year Under the multi-year scope, signed in February of this year
contract for Riserless Light Well C-Innovation will perform with BP for RLWI utilising the
Intervention (RLWI) operations intervention activities on 8 Island Venture.
in the Gulf of Mexico. to 10 wells per year including
C-Innovation will use its SX165 wireline and stimulations.
designed well intervention The 2017-built Island Venture
vessel Island Venture for the recently completed performing
campaign. It has been reported well intervention work on a
that the new contract is a well at BP’s Thunder Horse
direct result of the company’s field.
SOLSTAD CSVS TO SUPPORT PETROBRAS AND PRYSMIAN
Petrobras has awarded Solstad accommodation for 86 persons. has the option to extend the
Offshore a three-year firm She is currently working on a contract by a further two years
contract to utilise its 2002-built long-term charter with Fugro, beyond the firm period.
CSV Normand Flower. The supporting survey operations at The Normand Pacific has been
charter, commencing in April the IJmuiden Ver Wind Farm in on charter with Prysmian since
2022, comes with 475 days of the Dutch North Sea. August 2016.
further options. Additionally, Solstad has
Under the deal, the vessel will signed a contract extension
support Petrobras’ exploration with Prysmian Powerlink for
and production activities its CSV Normand Pacific for a
offshore Brazil. The Normand firm period of one year. This
Flower, a 93m vessel, is extension will expire on 31st
equipped with a 150t crane and December 2022 but Prysmian
SHELL SANCTIONS GAS PROJECT TO BE POWERED BY SOLAR AND WIND
Sarawak Shell Berhad has taken The Timi project will involve the drilling of two additional
a final investment decision a new unmanned wellhead wells.
for its Timi gas development platform being tied back to the Shell’s partners in the project
offshore Malaysia to be powered existing Shell-operated F23 hub are Petronas Carigali and Brunei
by a solar and wind hybrid via a new pipeline. Energy Exploration.
renewable power system. The campaign will also include
SEABREEZE 13RENEWABLES WOOD MACKENZIE HIGHLIGHTS STRONG MARKET FOR JACKUPS A recent Wood Mackenzie major components around the been in operation for more report has concluded that the globe (excluding China) will than 10 years, compared to just company expects EUR 3.9 require replacement or repair 1.8 GW today. The MCR cost billion (USD 4.6 billion) to be within the next decade. This per unit is expected to increase spent on major component activity will be concentrated 72% by 2030 due to the arrival replacement (MCR) at offshore on Europe, which currently of ever larger wind turbines. wind farms in European accounts for 85% of the global waters throughout the 2020s. MCR market share. This The report allocated EUR 1.6 market value is set to grow billion (USD 1.9 billion) of this 10% annually to reach EUR MCR investment to jackup 518 million (USD 612 million) vessels. by the end of this decade. By Wood Mackenzie found that 2030, there will be 20 GW of nearly 10,000 wind turbine global capacity that will have JAN DE NUL SECURES VINEYARD WIND PROJECT Vineyard Wind has selected connect the 62 GE Haliade-X the Jan De Nul Group and the wind turbines to the offshore company’s subcontractor JDR substation for transmission to Cable Systems to supply and the grid. The 800 MW wind install the inter-array cables for farm will be located 24 km south the Vineyard Wind I project. of Martha’s Vineyard, and is The work scope covers 209km of scheduled to become operational 66kV inter-array cables that will in 2023. RIO GRANDE SIGNS LOW-CARBON AGREEMENT The Brazilian state of Rio benefits. This will be evaluated renewable sources. Grande do Norte has signed an alongside the economic viability Enterprize Energy is currently agreement with the low-carbon of co-developed desalination and involved in the development of energy developer Enterprize green hydrogen production hubs offshore wind projects, including Energy to identify and develop for both local distribution and the Vietnamese Thang Long opportunities for offshore wind, export to global markets. offshore wind farm and the Hai green hydrogen and green A recent Energy Research Office Long project off the coast of ammonia projects off the north report implied that the full Taiwan. coast of the South American Brazilian coastline could support nation. as much as 700 GW of offshore Enterprize Energy will wind capacity. undertake the identification The state of Rio Grande do Norte and development of potential is now the leading Brazilian multi-gigawatt offshore wind state for renewable energy projects, as well as assessments development, with more than of potential environmental and two-thirds of the state’s energy socio-economic impacts and generation originating from 14 SEABREEZE
RIGS
OIL PRICE VS CONTRACTED RIG UTILISATION
100% $75
INACTIVE RIGS NORTHWEST EUROPE
$73.07 $74.39 $70
$70.25 NAME TYPE STATUS
90% $68.04 $65
$65.19 $64.77
$61.96 $60
80% $55 BIDEFORD DOLPHIN SS WARM STACK
$54.55 $50
$49.87
$45
70% $44.26
66.2%
$43.23 $40 BOLETTE DOLPHIN DS COLD STACK
$41.09 $40.47 61.7% 60.5%
57.3% $35
60% 54.7%
54.3% $30
50.7% 51.1% 50.0% 50.0% COSLINNOVATOR SS WARM STACK
49.2% 48.3% 49.4% 49.4%
47.7% $25
50% $20
43.2%
40.7% 40.8% 39.3% 40.8% $15
38.8% 37.2% COSLPIONEER SS WARM STACK
40% 36.2% 37.0% $10
33.3% 34.1%
$5
30% $0 COSLPROMOTER SS WARM STACK
Aug 20 Sep 20 Oct 20 Nov 20 Dec 20 Jan 21 Feb 21 Mar 21 Apr 21 May 21 Jun 21 Jul 21 Aug 21
Average Brent Crude US$ / Bbl Northwest Europe Rig Utilisation US Gulf Rig Utilisation
ISLAND INNOVATOR SS WARM STACK
NOBLE SELLS FOUR MIDDLE EAST JACKUPS MAERSK INNOVATOR JU WARM STACK
Noble Corporation has entered and Noble Scott Marks will be
into an agreement to sell four of sold and their ongoing drilling MAERSK INTERCEPTOR JU WARM STACK
its Middle East-based jackups contracts with Saudi Aramco
to ADES International Holding will be novated to ADES. Net of NOBLE HOUSTON COLBERT JU WARM STACK
Ltd for USD 292 million. The fees, Noble expects to generate
Noble Joe Knight, Noble Johnny USD 285 million in cash from NOBLE SAM HARTLEY JU WARM STACK
Whitstine, Noble Roger Lewis the transaction.
NEWBUILD NORTHERN DRILLSHIP CANCELLED
OCEAN VALIANT SS COLD STACK
Northern Drilling has cancelled a delay of delivery as well as a RAN JU WARM STACK
a resale contract it had entered repudiatory breach of contract.
into with Daewoo Shipbuilding Northern had agreed to acquire TRANSOCEAN BARENTS SS WARM STACK
& Marine Engineering (DSME) the partially-built West Aquila
for newbuild ultra-deepwater and sister rig West Libra from TRANSOCEAN LEADER SS COLD STACK
drillship West Aquila. The DSME back in May 2018 for a
contract was terminated due to price of USD 296 million per rig. TRANSOCEAN NORGE SS WARM STACK
CONTRACTED RIG UTILISATION AND DAY RATES VALARIS DS-4 DS COLD STACK
AUG AUG AUG AUG AUG
UTILISATION VALARIS DS-8 DS COLD STACK
2021 2020 2019 2018 2017
NORTH SEA 66.2% 50.7% 67.8% 59.5% 51.4%
SOUTH AMERICA 73.9% 81.3% 72.4% 60.5% 72.9% VALARIS JU-249 JU WARM STACK
US GULF 50.0% 38.8% 51.7% 50.0% 34.8%
VALARIS JU-292 JU WARM STACK
CURRENT ESTIMATED FIXTURE RATES (SOURCE: BASSOE OFFSHORE)
PREMIUM HARSH ENVIRONMENT JACKUP (EX CJ 70) USD 90,000
WEST LEO SS COLD STACK
VINTAGE HARSH ENVIRONMENT JACKUP USD 75,000
SIXTH GENERATION HARSH ENVIRONMENT SEMISUBMERSIBLE USD 300,000
WEST MIRA SS WARM STACK
VINTAGE HARSH ENVIRONMENT SEMISUBMERSIBLE USD 170,000
SIXTH GENERATION INTERNATIONAL SEMISUBMERSIBLE USD 180,000
WILHUNTER SS COLD STACK
SIXTH / SEVENTH GENERATION INTERNATIONAL DRILLSHIP USD 200,000
SEABREEZE 15CONUNDRUM CORNER,
DUTY PHONES
USD 252 MILLION ATLAS DEAL THE SEABREEZE ARCHIVE
Transocean has been awarded a USD 252 million For the current or archive copies of Seabreeze go
contract for its newbuild drillship Deepwater to: http://www.seabrokers.co.uk/ - see under
Atlas with BOE Exploration & Production in the Shipbroking / Market Reports. If you wish to
US Gulf. The contract includes a USD 30 million Subscribe or Unsubscribe please contact:
mobilisation fee and a significant performance chartering@seabrokers.co.uk
bonus opportunity.
This contract award follows the final investment
decision from BOE and its partners for the SEABROKERS GROUP CONTACTS
Shenandoah development, which will consist of
two phases. Following delivery from the Jurong SEABROKERS HEAD OFFICE
Forusbeen 78 - 4033 Stavanger - Norway
Shipyard in Singapore, the Deepwater Atlas is Tel: (+47) 51 80 00 00
scheduled to mobilise to the US Gulf to commence Internet: www.seabrokers-group.com
operations with BOE in the third quarter of 2022.
The rig will initially use dual blowout preventers SEABROKERS CHARTERING AS - STAVANGER
Duty Telephone ++47 51 815400 (24 Hrs)
(BOPs) rated to 15,000 psi for a period of 255 days. E-mail chartering@seabrokers.no
Thereafter, she will be upgraded with a 20,000 psi
BOP to become the second 20,000 psi-equipped SEABROKERS LTD - ABERDEEN
rig in Transocean’s fleet. The Deepwater Atlas will Duty Telephone ++44 1224 747744 (24 Hrs)
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then return to BOE for a 275-day well completion E-Mail chartering@seabrokers.co.uk
phase at the Shenandoah development.
SEABROKERS BRAZIL LTDA - RIO DE JANEIRO
Duty Telephone ++55 21 3505 4200 (24 Hrs)
CONUNDRUM CORNER E-mail chartering@seabrokers.com.br
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Last month’s answer :- Telephone ++47 51 800000
E-mail stig@seabrokers.no
If a banana costs 20p, a grapefruit costs 70p and a
SEA SURVEILLANCE AS - BERGEN
melon costs £1.30, how much does an apricot cost?
HEADING
Telephone ++47 55 136500
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The answer was :- 10p (the alphabetical value of
SEABROKERS EIENDOM AS - STAVANGER
the initial letter is multiplied by 10 to give the Quiatis imaximilitem num enis porum ne dolles
Telephone ++47 51 800000
price. quiE-mail
rerum id minrolf.aarthun@seabrokers.no
corepta dolo quo conet il id
quisto que voluptatus eatis re ventur? Hilibust
This month, our poser is: SEABROKERS
quis as minciasSERVICES AS -qui
peribustis STAVANGER
dolorit officatus
Telephone ++47 51 800000
aut preiumquas qui iuscimu sapelest, esto odio.
E-mail lars.hagen@seabrokers.no
A fire engine travels seven miles to a fire at a speed Itatecum cus acerum ipidunture corporpores et int
of 36 mph. Its tank holds 500 gallons of water but faccum remperi
SEABROKERS onsequi
FUNDAMENTERING AS - STAVANGER
has been leaking at a rate of 20 gallons per hour Telephone ++47 51 800000
throughout the journey. If the fire engine needs E-mail fundamentering@seabrokers.no
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