Dutch marine contractor Boskalis recently completed an extensive land reclamation campaign on the island of Gulhifalhu in the Maldives. The works were carried out over a period of nine months using the trailing suction hopper dredgers Oranje, Queen of the Netherlands, Willem van Oranje, and Prins...
Lady Gaga famously sang that she was “on the edge of glory”. This week, we look at four companies on the edge of….well, something. Let’s check in on two construction companies, a subsea mining venture, and our favourite wind turbine installer. McDermott on the edge Finally, a judge in the UK has...
Whilst the first big consolidator of this offshore upcycle was Tidewater, rapidly followed by ADNOC and AD Ports of Abu Dhabi, Europe is also experiencing a quiet wave of consolidation. Driving this is the biggest of the “Big Four” lowlands dredging and offshore companies, Boskalis. But whereas the gains in Tidewater have been open to […]
The post COLUMN | Winner takes it all: Boskalis binges with record profits, as Boluda takes silver and McDermott gets sued (again) [Offshore Accounts] appeared...
In Part One last week, we looked at the paradox of offshore wind, a segment that is growing without profit for many players. This contrasts with offshore oil and gas, which has shrunk but has become intensely profitable for rig and vessel operators, and for the oil companies themselves. Whereas offshore oil and gas companies […]
The post COLUMN | Where the wind blows, part 2: Shell, Cadeler, HEA Energy, Cyan Renewables, Edda Wind, Norwind and Norside [Offshore Accounts] appeared first on Baird...
Oh, to be young today! I know, I know, I know, I know, Sophie Ellis Bextor’s 2001 single “Murder on the Dancefloor” is back topping the charts after it appeared in a post cinematic rip-off of The Talented Mr. Ripley, and David Guetta is filling the dancefloors with his Grammy nominated “Baby Don’t...
We’ve passed Twelfth Night, so let’s look at some key numbers for the year ahead. This week’s lucky lottery numbers are 4, 10, 29, 177, and 470,000. Who is feeling lucky? Four newbuilds for wind: #1 Toyo Nature abhors a vacuum, and as Global Marine Systems, for two decades the former cablelay market leader, sinks […]
The post COLUMN | 2024 by the numbers: Cableships; methanol; the Nigerian Navy; BP and Equinor’s wind woes; Noble in Suriname and Colombia [Offshore Accounts] appeared first on Baird...
Dutch marine projects company Boskalis has completed dredging works for the new inland harbour for fifty inland vessels along the Upper Rhine River near Spijk in the Netherlands. The works entailed the removal of 2.3 million cubic metres of sand. The vessels used included an electric suction...
Who said that August was a month for relaxing by the beach? No book reviews for your sun lounger this year. Instead, we plunge into the results reporting season and an analysis of some of the recent deals in the offshore sector. Valaris exercises bargain Korean options The drillers are in a sweet...
It has been a rollercoaster couple of months for seabed mining pioneer The Metals Company. For most of the last year, the company’s share price languished below one ..
Boskalis has begun the second phase of ongoing land reclamation activities on the island of Gulhifalhu in Maldives. The second phase will entail dredging and reclaiming t ..
The post Reclamation works enter second phase at Maldives’ Gulhifalhu Island appeared first on Baird Maritime.