DEME held a formal naming ceremony for its new fallpipe vessel in Zeebrugge, Belgium, on Tuesday, June 4. Yellowstone boasts a payload capacity of 37,000 tonnes, making it one of the largest fallpipe vessels in operation today. The vessel will sail for the United States this summer to work on the...
DEME Group
COLUMN | Looking to the future: Petrobras newbuilds; James Fisher; Saudi Arabia’s NEOM plans; TotalEnergies and Sapura; wind bust timing [Offshore Accounts]
“Brazil is the country of the future,” goes the cliché that the Austrian writer Stefan Zweig declared in 1941 as the opening line of his book Brazil, Land of the Future. Zweig wrote in exile there, and a year later, he and his wife deliberately killed themselves with a drug overdose. Brazilians then began joking […]
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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 […]
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COLUMN | 2024 by the numbers: Cableships; methanol; the Nigerian Navy; BP and Equinor’s wind woes; Noble in Suriname and Colombia [Offshore Accounts]
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 […]
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FEATURE | World’s first artificial energy island to be built off Belgium
A consortium formed by Belgian companies Jan De Nul and DEME has won the tender for the construction of the world’s first artificial energy island. The construction of the foundations of the Princess Elisabeth Island will begin in early 2024 and will last 2.5 years. After that, the installation of...
Consortium selected for dredging works at Saudi Arabia’s Port of NEOM
A consortium formed by marine construction specialists Saudi Archirodon and DEME has been awarded the second phase of transformation work for the Port of NEOM, the primary seaport of entry to northwest Saudi Arabia. Based in Oxagon, the Port of NEOM is strategically located along the coast of the...
DEME secures Africa dredging contracts
DEME has won several dredging contracts on the African continent with the first of these scheduled to begin before the end of this year. In Grand-Lahou in Ivory Coast, DEME will carry out dredging and coastal protection works to stabilise the sand barrier between the Tagba Lagoon and the ocean. The...
DEME secures multiple dredging contracts in Asia
DEME has been awarded a number of capital and maintenance dredging contracts in India, the Maldives, and Malaysia. At Kakinada Port in India, where DEME has frequently been performing dredging works, the newly awarded scope includes deepening of the existing berths, the turning circle, and the...
VESSEL REVIEW | Green Jade – DEME to operate first wind installation vessel built in Taiwan
Belgian construction company the DEME Group recently expanded its offshore installation fleet with the acquisition of a newbuild vessel boasting a 4,000-tonne crane capacity. Built by Taiwan’s CSBC Corporation to a design by Netherlands-based C-Job Naval Architects, Green Jade will perform installation of offshore wind turbine components in Taiwanese waters. DEME said it is the […]
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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 […]