Seabreeze September 2016
Seabreeze September 2016
MORE VESSELS TO BE
SOLD OR SCRAPPED AS
OVERSUPPLY PERSISTS
CONTENTS
3
FEATURE VESSEL
15 RIGS
16 CONUNDRUM CORNER
& DUTY PHONES
SHIPBROKING
REAL ESTATE
SECURALIFT
FACILITY MANAGEMENT
SEA SURVEILLANCE
ENTREPRENEUR
YACHTING
OUR OFFICES:
STAVANGER BERGEN
ABERDEEN
RIO DE JANEIRO
www.seabrokers-group.com
SKIEN
SINGAPORE
SEABREEZE 3
around 30 employees.
SEABREEZE 5
PSV 2016
PSV 2015
AHTS 2016
AHTS 2015
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
SEP 2016
AUG 2016
JUL 2016
JUN 2016
MAY 2016
APR 2016
MED PSV
60%
68%
73%
80%
81%
83%
LARGE PSV
76%
85%
87%
96%
86%
81%
MED AHTS
51%
68%
64%
66%
46%
37%
LARGE AHTS
65%
71%
79%
76%
56%
53%
AVERAGE RATE
SEP 2015
% CHANGE
MINIMUM
MAXIMUM
3,746
6,584
-43.10%
2,350
7,874
4,548
5,930
-23.31%
2,000
8,337
11,159
5,929
+88.21%
9,500
14,000
17,962
8,809
+103.91%
6,947
32,421
CATEGORY
BRAGE VIKING
EX RUSSIA
A.H. VALLETTA
MEDITERRANEAN
MAERSK BATTLER
EX MEDITERRANEAN
A.H. VARAZZE
MEDITERRANEAN
SKANDI SAIGON
EX SOUTH AMERICA
HIGHLAND ENDURANCE
CENTRAL AMERICA
HIGHLAND VALOUR
CENTRAL AMERICA
* Vessels arriving in or departing from the North Sea term/layup market are not included here.
6 SEABREEZE
10,000
30,000
7,500
20,000
5,000
10,000
2,500
-
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2015
5,091
5,389
3,687
2,818
2,478
3,746
3,844
3,752
6,584
3,336
5,211
8,195
2016
5,975
4,286
4,183
3,992
7,349
10,051
7,203
4,533
3,746
15,000
12,500
PSVs <
900M2
> 900M
900m
10,000
10,000
7,500
5,000
5,000
2,500
-
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2015
6,141
6,429
4,886
3,699
2,921
4,455
4,610
5,126
5,930
3,185
5,340
8,106
2016
4,867
4,659
4,104
4,308
6,625
11,365
7,355
5,543
4,548
40,000
35,000
30,000
30,000
25,000
20,000
20,000
15,000
10,000
10,000
5,000
-
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2015
12,541
10,497
15,578
9,332
13,101
19,513
10,783
8,156
5,929
5,148
6,714
30,385
2016
17,294
23,823
16,000
10,983
6,808
18,557
22,986
12,278
11,159
50,000
AHTS
Rig
> Moves
18,000 bhp
40,000
30,000
20,000
10,000
-
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2015
20,863
16,171
18,184
13,617
19,461
25,046
15,113
12,176
8,809
6,035
9,983
45,377
2016
32,234
27,884
16,607
24,405
13,029
22,921
44,098
18,230
17,962
25,000
30,000
25,000
20,000
20,000
15,000
15,000
10,000
10,000
5,000
5,000
-
Rates
To Month2016)
(June 2013)
Average Day Average
Rates ToDay
Month
(September
2015
3,902
4,135
4,767
4,920
13,617
11,611
19,343
17,369
2016
5,998
5,697
5,397
5,480
16,401
16,440
22,718
24,354
SEABREEZE 7
FEATURE VESSEL
LIVING STONE
SEABREEZE 9
to fleet requirements.
Eidesvik has agreed to sell PSV
Viking Nereus, with the transaction dependent on the buyers
technical acceptance of the
vessel in the fourth quarter of
2016. Eidesvik will record a NOK
55 million (USD 6.9 million)
impairment loss on the vessel in
its third quarter accounts. The
Viking Nereus (pictured) is a
2004-built UT 755L PSV.
Meanwhile, Farstad has sold
AHTS Lady Sandra, a 1998-built
KMAR 404 vessel. Following
TYPE/DESIGN
OWNER/ MANAGER
COMMITMENT
ALP STRIKER
TBC
HARVEY STONE
TBC
MUTAWA 306
TBC
RASHID BEHBUDOV
CASPIAN
VOS CHAMPION
VROON OFFSHORE
SOUTHEAST ASIA
10 SEABREEZE
SUBSEA
SUBSEA MARKET ROUND-UP
Det Norske, Aker Solutions
and Subsea 7 are to form an
integrated project management
team under an alliance aimed
at saving time and costs on Det
Norskes Norwegian subsea
developments.
Det Norske advised that they
will utilise Aker Solutions expertise in front-end engineering,
brownfield modifications and
subsea systems, and Subsea 7s
capabilities in the engineering,
procurement, installation and
commissioning of subsea umbilicals, risers and flowlines (SURF)
under the agreement.
The alliance follows the award of
SEABREEZE 11
SUBSEA
MERMAID AUSANA CLOSE TO BEING SOLD?
SUBSEA
AXIS NOVA DELAYED
NAME
CHARTERER
SHIP YARD
TYPE
DESIGN
MONTH
SOLSTAD
NORMAND MAXIMUS
SAIPEM
VARD BRATTVAAG
DERRICK PIPELAY
VARD 3 19
OCT
TECHNIP
DEEP EXPLORER
VARD LANGSTEN
DSV
VARD 3 06
OCT
SUBSEA 7
SEVEN SUN
PETROBRAS
MERWEDE
PIPELAY
550
OCT
TECHNIP
SKANDI BUZIOS
PETROBRAS
VARD SOEVIKNES
PIPELAY
VARD 3 05
NOV
SUBSEA 7
SEVEN CRUZEIRO
PETROBRAS
MERWEDE
PIPELAY
DEC
SEABREEZE 13
RENEWABLES
DONG TO INVEST IN GRIMSBY
RIGS
OIL PRICE VS RIG UTILISATION
TYPE
STATUS
BORGLAND DOLPHIN
SS
WARM STACK
BORGNY DOLPHIN
SS
COLD STACK
$70
BREDFORD DOLPHIN
SS
COLD STACK
$65
COSLINNOVATOR
SS
WARM STACK
$60
COSLPIONEER
SS
WARM STACK
$55
DEEPSEA METRO II
DS
COLD STACK
57.3%
$50
DEEPSEA STAVANGER
SS
WARM STACK
$47.15
$45.07 $46.14
$45
ENERGY ENDEAVOUR
JU
COLD STACK
ENERGY ENHANCER
JU
COLD STACK
ENSCO 70
JU
COLD STACK
ENSCO 72
JU
WARM STACK
ENSCO 101
JU
WARM STACK
GSF GALAXY II
JU
COLD STACK
JU
COLD STACK
GSF MONARCH
JU
COLD STACK
GSP SATURN
JU
COLD STACK
HERCULES TRIUMPH
JU
COLD STACK
ISLAND INNOVATOR
SS
COLD STACK
MAERSK GALLANT
JU
WARM STACK
MAERSK REACHER
JU
WARM STACK
MAERSK RESOLUTE
JU
WARM STACK
OCEAN NOMAD
SS
COLD STACK
OCEAN PRINCESS
SS
COLD STACK
OCEAN VALIANT
SS
WARM STACK
OCEAN VANGUARD
SS
COLD STACK
PARAGON B391
JU
WARM STACK
PARAGON C462
JU
COLD STACK
PARAGON C463
JU
COLD STACK
PARAGON C20051
JU
WARM STACK
PARAGON C20052
JU
COLD STACK
PARAGON HZ1
JU
WARM STACK
POLAR PIONEER
SS
COLD STACK
JU
WARM STACK
ROWAN NORWAY
JU
WARM STACK
ROWAN STAVANGER
JU
WARM STACK
SEDCO 711
SS
COLD STACK
SEDCO 712
SS
WARM STACK
SEDCO 714
SS
COLD STACK
SERTAO
DS
COLD STACK
SONGA DEE
SS
WARM STACK
SONGA TRYM
SS
WARM STACK
SWIFT 10
JU
WARM STACK
TRANSOCEAN BARENTS
SS
WARM STACK
TRANSOCEAN PROSPECT
SS
COLD STACK
TRANSOCEAN SEARCHER
SS
COLD STACK
WEST ALPHA
SS
WARM STACK
WEST HERCULES
SS
WARM STACK
WEST NAVIGATOR
DS
COLD STACK
WEST PHOENIX
SS
WARM STACK
WEST VENTURE
SS
COLD STACK
WILHUNTER
SS
WARM STACK
100%
90%
$75
85.0% 85.1% 84.6% 84.0% 83.2% 83.1%
82.3%
80%
79.6%
70%
60%
$47.23 $48.12
50%
40%
30%
$80
$44.42
74.2% 72.9%
78.6% 77.1%
44.4%
42.5%
$30.80
39.2%
$33.20
66.3% 64.6%
$48.48
60.5%
$39.07
$40
$35
Sep 15 Oct 15 Nov 15 Dec 15 Jan 16 Feb 16 Mar 16 Apr 16 May 16 Jun 16 Jul 16 Aug 16 Sep 16
Average Brent Crude US$ / Bbl
Northwest Europe Rig Utilisation
South America Rig Utilisation
US Gulf Rig Utilisation
$30
$25
SEP
2015
SEP
2014
SEP
2013
SEP
2012
NORTHWEST EUROPE
57.3%
79.6%
95.9%
97.5%
96.5%
SOUTH AMERICA
74.3%
85.0%
93.8%
96.5%
97.9%
US GULF
35.0%
45.5%
65.8%
72.4%
70.7%
UTILISATION
LOW (USD)
HIGH (USD)
88,600
88,600
110,000
150,000
175,000
275,000
230,000
308,000
180,000
350,000
Source: IHS-Petrodata
SEABREEZE 15
CONUNDRUM CORNER,
DUTY PHONES
HERCULES SELLS THREE JACKUPS
CONUNDRUM CORNER
DPTUB
QPHCB
SECURALIFT AS - STAVANGER
HEADING