Seaway 7 picks Siem Barracuda
Siem Offshore has entered into a contract with Seaway 7 for the subsea offshore construction vessel
Siem Barracuda.
The renewables business unit of Subsea 7 will utilise the vessel for an offshore wind project in the Far East.
The
Siem Barracuda is currently mobilising to the area of operation, for a minimum period of 100 days, excluding options. Related Article
A six months firm contract will see the vessel
Siem Stingray work for GE Renewable Energy form April this year.
“Siem Offshore continues its strong commitment to the renewable energy segment and it is highly satisfactory to experience that our presence in the “mature” offshore wind markets elsewhere in the world now results in our organisation being a preferred partner for our clients globally,” the company said in its Oslo Exchange filing on Friday.
Siem secures Far East offshore contract
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Construction Vessels Market Growth Research by Advanced Technologies and Growth Opportunities till 2025
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The global offshore support vessel market to grow from USD 20.1 billion in 2018 to USD 25.7 billion by 2023, at a CAGR of 5.04% from 2018 to 2023.
The global offshore support vessel market is projected to grow at a CAGR of 5.04% from 2018 to 2023. The market in Asia Pacific is estimated to be the largest market for offshore support vessels, followed by Europe and North America in 2018. This trend is expected to continue until 2023. Also, the North American market is projected to be the fastest-growing market during the forecast period. The growth of the offshore support vessel market is driven by rising offshore investments in the US and the Gulf of Mexico, and a focus on the potential deepwater discoveries in the US.
Photo: Wartsila/Siem Offshore Wärtsilä has signed an agreement with Siem Offshore covering reduction in emissions and predictive maintenance for two well intervention vessels.
The Finnish company has inked a 5-year optimised maintenance agreement with Siem Offshore to provide real time monitoring and support of vessel systems to reduce fuel consumption and emissions and provide predictive maintenance through its Expert Insight solution.
Expert Insight artificial intelligence (AI) and advanced diagnostics to monitor equipment and systems in real-time, spot anomalies, foresee potential problems.
“ We are especially excited with Expert Insight, which allows us to monitor the condition of the engines from ashore, and thanks to artificial intelligence and anomality detection we expect to prevent unscheduled stops that cause loss of revenue” said Dag Honnemyr, operational director Siem-Helix.