osvs in A Sentence

    1

    The fate of Offshore Service Vessels(Osvs) is, naturally, closely tied to the price of oil.

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    2

    The remaining 13 Osvs scrapped by eight different operators during the same period were 32 years old on average.

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    3

    Officers who hold COS and wish to join Osvs or other Coastal vessels are required to undergo the following Modular Courses.

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    4

    The latest estimates indicate that about 215 Osvs remain in the pipeline for delivery over the next year or two.

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    5

    From a peak of 3,583 Osvs in September 2017, the sector has seen only minimal reductions in overall OSV fleet capacity.

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    6

    But the Offshore Service Vessel(OSV) sector is cleary the leader in number of hulls, with 1,316 Osvs worth a cumulative $5.9B.

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    7

    Its presentation notes that 57% of revenues are derived from deepwater units, and that dayrates for high spec Osvs are rising.

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    8

    A month later, in Norway, three firms- controlling 152 Osvs among them, Deep Sea Supply, Farstad Shipping and Solstad Offshore, agreed to merge.

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    9

    Despite the low scrap value of old Osvs, owners are putting faith in the restructuring process and emerging a leaner entity on the other side.

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    10

    I think the possibilities that we see starting to come out of the offshore industry on the MODUs, on the FPSOs, even on the Osvs;

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    11

    According to Clarksons, the global orderbook for Osvs represented about 10% of the active fleet at the end of last year, vs 14% at the end of 2017.

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    12

    The abrupt way in which the offshore party ended in 2014/15 meant that due to their aforementioned earning power, owners have many now idle old Osvs on their books.

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    13

    Taking new build deliveries and scrapped vessels into account, total fleet capacity decreased to 3,515 Osvs in July 2019- a reduction of only 68 Osvs, or 1.9%, in the two-year period.

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    14

    While it is generally agreed that the nascent offshore wind energy market in the U.S. will be a newbuild market, there is a repair and conversion possibility for some stacked Osvs.

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    15

    What is surprising is that if we currently had the same level of drilling activity as we did five years ago today, the number of Osvs required for drilling support would be lower(than 5 years ago).”.

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    16

    Students who are considering a career in the oil industry, especially Osvs and drilling rigs, will look at the DP training offered here and understand the importance relative to getting a job in the industry and being successful.

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    17

    Students who are considering a career in the oil industry, especially Osvs and drilling rigs, will look at the DP training offered here and understand the importance relative to getting a job in the industry and being successful.

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    18

    According to a Reuters report in mid-April, DOF's chief executive said that the cost of chartering offshore supply vessels(Osvs) will continue to rise as many ships that were mothballed up during the downturn will not return to the market.

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    19

    From a low of 440 rigs in 2016(a count that implies a ratio of Osvs to rigs of 8.1x), the number of rigs grew to 497 as of July 2019, as against a total estimated fleet of 3,515 vessels.

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    20

    For the operators of the Osvs, staying afloat, and following the money comes down to riding those trends(to deeper waters), while at the same time exercising“discipline”- which means not reactivating“stacked” vessels in response to short term price blips and, rather,

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    21

    Kronemeijer is convinced that biofuels will play a significant role in drastically reducing the shipping industry's impact on global emissions and that tugs and offshore support vessels(Osvs) are in a very good position to lead the industry by example because of their high visibility in coastal areas.

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