COLUMN | Where the wind blows, part 2: Shell, Cadeler, HEA Energy, Cyan Renewables, Edda Wind, Norwind and Norside [Offshore Accounts]

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...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-where-the-wind-blows-part-2-shell-cadeler-hea-energy-cyan-renewables-edda-wind-norwind-and-norside-offshore-accounts/

Cadeler books Baltica 2 wind turbine installation contract

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...

https://www.marinelog.com/offshore/offshore-wind/cadeler-books-baltica-2-wind-turbine-installation-contract/

Offshore Vessel News Roundup | January 9 – Chinese-built turbine installation vessels plus new crewboats for US and Brunei owners

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...

https://www.bairdmaritime.com/work-boat-world/offshore-world/offshore-renewables/offshore-wind/offshore-vessel-news-roundup-january-9-chinese-built-turbine-installation-vessels-plus-new-crewboats-for-us-and-brunei-owners/

COLUMN | Wind wobbles – follow the money: Ørsted and BP make write-offs; Siemens Energy seeks aid; MingYang gets massive; Fredriksen’s Edda and ex-Havila hedges; Rickmers and Diana Shipping enter wind [Offshore Accounts]

“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, […]

The post COLUMN | Wind wobbles – follow the money: Ørsted and BP make write-offs; Siemens Energy seeks aid; MingYang gets massive; Fredriksen’s Edda and...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-wind-wobbles-follow-the-money-orsted-and-bp-make-write-offs-siemens-energy-seeks-aid-mingyang-gets-massive-fredriksens-edda-and-ex-havila-hedges-rickmers-and-diana-shi/

COLUMN | Predictable outcomes: a certain wind turbine installation company; Cyan Renewables and DEME; Global Marine and CWind [Offshore Accounts]

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 […]

The post COLUMN | Predictable outcomes: a certain wind turbine installation company; Cyan Renewables and DEME; Global Marine and CWind [Offshore Accounts]...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-predictable-outcomes-a-certain-wind-turbine-installation-company-cyan-renewables-and-deme-global-marine-and-cwind-offshore-accounts/

COLUMN | Quick updates: China’s coal addiction; offshore wind’s cost problem; justice in Mozambique; dumb money [Offshore Accounts]

Sometimes it seems that nothing makes sense when it comes to energy transition. Global warming induces more coal to be burnt, Saudi Aramco reports record profits as wind ..

The post COLUMN | Quick updates: China’s coal addiction; offshore wind’s cost problem; justice in Mozambique; dumb money...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-quick-updates-chinas-coal-addiction-offshore-winds-cost-problem-justice-in-mozambique-dumb-money-offshore-accounts/

COLUMN | Updates on offshore wind orders from Cyan, Havfram, Edda Wind, North Star Shipping etc. Also news on Heroic Idun ̶s̶h̶a̶k̶e̶d̶o̶w̶n̶ restitution [Offshore Accounts]

The money is still pouring into new wind vessels, even as the wider orderbook for new vessels to work in offshore oil and gas remains at zero, and has been for the best p ..

The post COLUMN | Updates on offshore wind orders from Cyan, Havfram, Edda Wind, North Star Shipping etc. Also news on Heroic...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-updates-on-offshore-wind-orders-from-cyan-havfram-edda-wind-north-star-shipping-etc-also-news-on-heroic-idun-shakedown-restitut/

COLUMN | Quick updates: Maersk Supply Service sold; The Metals Company borrows from Allseas as seabed mining negotiations get tense; Cadeler and Eneti report; Scottish Ferries report reveals ̶g̶r̶o̶s̶s̶ ̶n̶e̶g̶l̶i̶g̶e̶n̶c̶e̶ significant failings [Offshore Accounts]

It has been nearly six months since we whacked out one of our quick updates (last one here), so it is time to whip through the latest developments in our favourite compan ..

The post COLUMN | Quick updates: Maersk Supply Service sold; The Metals Company borrows from Allseas as seabed mining...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-quick-updates-maersk-supply-service-sold-the-metals-company-borrows-from-allseas-as-seabed-mining-negotiations-get-tense-cadeler-and-eneti-report-scottish-ferries-report-reveals-̶g/

COLUMN | Something fishy at Pelagic Partners, whilst GC Rieber, Edda Wind, Cadeler, Prysmian and Cecon order big [Offshore Accounts]

It has been a frenzied few weeks in the wind and subsea markets, with newbuild orders piling up. The last month has seen over one billion US dollars committed to vessels ..

The post COLUMN | Something fishy at Pelagic Partners, whilst GC Rieber, Edda Wind, Cadeler, Prysmian and Cecon order big...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-something-fishy-at-pelagic-partners-whilst-gc-rieber-edda-wind-cadeler-prysmian-and-cecon-order-big-offshore-accounts/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon