Exploring the Diverse Dimensions of PSVs

Damen Shipyards Group has developed a focused strategy to tackle the increasing number of inactive Platform Supply Vessels (PSVs) resulting from the ongoing challenges in the offshore oil and gas industry. The Dutch company’s approach encompasses converting idle PSVs into vessels ready to operate in alternative sectors such as aquaculture, maritime transport, and defense.

The ongoing crisis in the offshore oil and gas sector is leading to substantial impacts across the industry. Factors contributing to this situation include historically low crude oil prices, halted exploration initiatives, and declining production levels. This negative cycle results in a marked reduction in daily rates for support vessels.

Damen has a plan to bring these vessels back into service and enhance profitability. “Our design teams are generating actionable solutions across various sectors. For example, we can adapt an inactive PSV into a profitable Container Feeder or a Logistic Support Vessel for military applications,” notes Damen Sales Manager Remko Hottentot. “The possibilities are vast; turning a PSV into accommodations and Operations and Maintenance (O&M) vessels may also be feasible.”

Expertise in vessel transformation stems from Damen’s extensive network of fifteen repair and modification facilities. “With a reputation for engineering excellence, craftsmanship, and project management, Damen’s conversion teams have extensive experience in revitalizing vessels while adhering to timelines and budget constraints,” comments Mr. Hottentot.

An illustrative example of a successfully developed project is the Damen Live Fish Carrier 8916, specifically designed for the aquaculture sector. “In this instance, leveraging the existing PSV platform is ideal, yielding numerous advantages for the transportation of live fish.”

In addition to permanent transformation designs, Damen is capable of implementing temporary modifications. These adjustments can be applied to vessels built by Damen or other shipbuilding companies.

Based in Damen’s Stavanger office, Sales Manager Norway Remko Hottentot has noticed ports filled with idle PSVs. “We can deliver significant design and conversion expertise to vessel owners and operators looking for effective solutions,” he remarks. “Coupled with reliable financial support, this offers a unique combination of services that can evolve into feasible conversion projects.”