Norwegian shipbuilder Vard has launched a new commissioning service operation vessel (CSOV) being built for offshore services provider Edda Wind. The vessel is presently at the facilities of Vard Braila in Romania. It will be towed to Vard Brattvaag in Norway for topside equipment installation,...
Edda Wind
COLUMN | Big is better? Big finds in Namibia; big losses at Gazprom; big sale at Edda Wind; big problems at Petrofac [Offshore Accounts]
Every day, the world uses around one hundred million barrels of oil. The term “big oil” is used pejoratively to describe the industry’s lobbying power. But is big always better? This week, we look at both the biggest and the best, and the biggest and the worst of the oil industry. Big finds:...
Norway’s Østensjø divests ownership stake in Edda Wind
Norwegian shipowner Østensjø, through its wholly owned subsidiary Østensjø Wind, has agreed to sell 21.3 million shares in offshore support vessel (OSV) operator Edda Wind to relinquish any shares or rights to shares in the latter company. Østensjø Rederi has managed Edda Wind’s fleet of vessels...
John Fredriksen Becomes the Largest Shareholder of Edda Wind
John Fredriksen, through his company Geveran Trading Co. Limited, has become the largest shareholder of Norwegian offshore wind service company, Edda Wind. In connection with the sale of 21,300,000 shares…
https://gcaptain.com/john-fredriksen-becomes-the-largest-shareholder-of-edda-wind/
Edda Wind welcomes newest SOV to fleet
Norwegian offshore vessel operator Edda Wind recently took delivery of a new service operation vessel (SOV) built by Spain’s Balenciaga Shipyard. Edda Goelo will commence operations for Siemens Gamesa Renewable Energy at Iberdrola’s offshore wind farm in France’s Saint-Brieuc Bay. Once on-site, it...
Who’s Who: Maritime Movements for January/February 2024
WORK BOAT WORLD: Philip Malone has joined UK-based maritime nuclear energy company Core Power as its new Vice President of Engineering. In his new position, Malone is responsible for providing the strategic, technical, and design leadership required to bring advanced nuclear energy technologies to...
https://www.bairdmaritime.com/work-boat-world/whos-who-maritime-movements-for-january-february-2024/
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...
Edda Wind lines up green term loan for CSOV quartet
Haugesund, Norway, headquartered Edda Wind ASA reports that it has secured green term loan financing for the four newbuild commissioning service operation vessels (CSOVs) that it ordered at Fincantieri’s Norwegian-based subsidiary Vard earlier this year.
The green term loan facility agreement is for the pre- and postdelivery financing of the four vessels under construction at Vard.
The EUR 161 million (about $176 million) green term loan facility agreement has been reached with Crédit Agricole...
https://www.marinelog.com/offshore/edda-wind-lines-up-green-term-loan-for-csov-quartet/
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, […]
VESSEL REVIEW | Boreas Worker – New daughtercraft delivered to Norway’s Edda Wind
UK builder Alicat Workboats has handed over the first vessel in a new series of daughtercraft/crewboats ordered by Norwegian offshore support company Edda Wind. Designed ..
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