Page 16: of Marine News Magazine (November 2026)

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Markets

Subsea Vessels

Ocean Energy Support

Vessel (OESV) for

Østensjø Rederi built by © GONDAN

GONDAN Shipbuilders

On the vessel chartering side, we have seen a relatively by Marine Platforms, to pursue subsea work for TotalEn- slow end of summer with few high pro? le new long- ergies and other Nigerian operators while meeting local- term contracts awarded. Reach Subsea recently exercised content requirements. The venture targets subsea EPCI, a one-year option for the “Deep Cygnus” from Havila ROV support, well services and vessel chartering.

Subsea & Renewables, which will keep her ? rm towards In Brazil, Petrobras awarded the 2008-built CSV

March 2028. “Normand Valiant” a two-year contract for accommo-

In the higher end segment, DOF Group has received a dation support to production activities on the Brazilian letter of intent for a contract valued at between USD 50 continental shelf. The vessel, equipped with a walk-to- million and 100 million that would secure work for one work gangway and capacity for 120 people onboard, is of it’s I-class vessels in the ? rst half of 2028. As such, the expected to start in the fourth quarter of 2026 almost in contract visibility in the 400-ton segment have improved direct continuation of its current employment and less its signi? cantly over the last year. scheduled class renewal. Gross contract value is approxi-

On the corporate side, DeepOcean and TFKable Group mately USD 62 million.

plan to establish an integrated EPCI offering for offshore- wind inter-array cables, combining cable manufacturing

Newbuild Wave Puts Pressure on Vessel Charter Rates with survey, engineering, transport, trenching, installation Many EPCs have been conservative in adding new long- and protection. The multi-year programme includes plans term tonnage in recent months, leading to low volumes of for a dedicated newbuild cable-laying vessel. No invest- new reported ? xtures. Multiple EPCs have optional peri- ment value nor delivery date was disclosed. ods that were excised at lower rates than owners’ current

Similarly in West Arica, diving specialist Mermaid Mari- expectations, with several vessels reaching option expiry time and Marine Platforms of Nigeria have formed Mer- next year. As the total orderbook across 150 to 400-ton maid Subsea Services, owned 49% by Mermaid and 51% crane vessels now total roughly 35 vessels, we see a market 16 | MN November 2026