Osvs News

Offshore services provider Bourbon has expanded its fleet with 13 vessels valued at more than $180 million since the start of 2026, as it seeks to strengthen its position in offshore markets, the company said.Ten of the vessels are already under contract, reflecting demand for offshore support vessels (OSVs), Bourbon said.The expansion includes the acquisition of six diesel-electric vessels from the Minsheng Group, comprising five platform supply vessels (PSV) and one 80-ton bollard pull anchor handling tug supply vessel (AHTS)…

Malaysia-based offshore support vessel (OSV) provider Nam Cheong has sold two vessels for $36.7 million, including its first newbuild sale in more than a decade.The transactions include a newly built multi-purpose support vessel (MPSV) and a 120-tonne anchor handling tug supply (AHTS) vessel, which was 16 years old and divested following the completion of its charter contract in the first quarter of 2026.Both vessels were delivered in the second quarter of 2026 to a vessel operator…

UK-based shipowner/operator North Star has strengthened its executive team with new senior appointments as it expands its offshore wind and maritime operations.North Star appointed Duncan Palmer as its first Chief Human Resources Officer, promoted Joanna Lang to Chief Legal and Compliance Officer, and named Kenneth Coughlan as Chief Technology Officer.The company said the changes support its strategy to grow its client base, talent pipeline and offshore wind activities, as well…

The outlook for the offshore support vessel (OSV) business has brightened considerably since the dark days of the previous decade and is possibly in a “Goldilocks moment” — not too weak and not too strong. While strengthening, it has not yet reached the point of significant new vessel ordering. Paradoxically, across maritime markets, observers are often concerned when exuberance gets out of hand. For now, newbuild activity remains limited.On the Q3 2025 earnings call for listed company Tidewater (NYSE: TDW)…