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...
Danish energy company Ørsted and wind installation specialist Cadeler have entered into a firm, long-term lease agreement for a newbuild offshore wind installation vessel. With the agreement, Ørsted secures installation vessel capacity from the first quarter of 2027 to the end of 2030 for upcoming construction projects. The signing of the long-term agreement discloses Ørsted […]
The post Ørsted, Cadeler ink long-term agreement for wind installation vessel capacity appeared first on Baird Maritime
Offshore wind developer Ørsted and Cadeler, a key supplier of offshore wind installation services, have entered into a long-term lease agreement for a newly-built A-Class Wind Farm Installation Vessel. The…
https://gcaptain.com/orsted-and-cadeler-sign-long-term-lease-for-new-wind-farm-installation-vessel/
Harold Macmillan was supposedly once asked what the most troubling problem of his time as British Prime Minister was. “Events, my dear boy, events,” was his reply. I thought I had this week’s column nailed well in advance, but offshore is an industry especially susceptible to unexpected and hard to predict “events”. So, we must […]
The post COLUMN | Correcting course: Aramco and jackups; Siem Offshore and Kristian Siem; Ferguson Marine; MMA Offshore; Maersk/Svitzer [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...
Copenhagen, Denmark, headquartered offshore wind farm installation specialist Cadeler (OSE: CADLR; NYSE: CDLR) has booked a major contract in Poland. Awarded by Ørsted and PGE Polska Grupa Energetyczn, it covers the transport and installation of 14 MW Siemens Gamesa wind turbines at Baltica 2. Planned to deliver 1.5 GW capacity by the end of 2027, Baltica 2 is one of two stages of the Baltica Offshore Wind Farm.
The Baltica 2 wind farm will be situated in the Polish part of the Baltic Sea...
Deliveries include a crewboat for a US windfarm support company and a turbine installation vessel for a Chinese owner. A installation vessel for a Danish operator is meanwhile launched into the water for the first time. Finally, a Brunei-based firm places an order for a new fast crewboat with secondary emergency response capability. WINDEA CTV […]
The post Offshore Vessel News Roundup | January 9 – Chinese-built turbine installation vessels plus new crewboats for US and Brunei owners appeared...
Cadeler A/S (OSE: CADLR) has announced the launch of a share exchange offer for all outstanding shares of common stock of Eneti (NYSE: NETI), part of a transaction that will…
https://gcaptain.com/cadeler-eneti-offer-offshore-wind-installation-giant/
“Our wind industry, for instance, is a European success story,” European Commission President Ursula von der Leyen recently said. “But it is currently facing a unique mix of challenges.” We’re no fan of Ms von der Leyen, a nepo-baby whose incompetence as German Defence Minister was rewarded not with the sacking she so richly deserved, […]
Never believe what a company’s managers tell you. Always verify yourself, especially if the company is headquartered in Monaco and is run by a management team with a past reputation for underperformance in the offshore sector. Who could we be talking about? Imagine a company where the management team paid themselves a US$30 million bonus […]