This week we look at consequences: judicial consequences, legal consequences, the consequences of bad strategy and bad execution, and the inevitable consequences of high day rates. Ladies and gentlemen, there is a newbuilding anchor handler out there, being built as you read this. Adjust your forecasts accordingly. But first, we look at other consequences. Goh-Goh […]
Global Marine Systems
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 […]
COLUMN | The Twelve Days of Christmas 2022: Day 4 to 6: Global Marine, Jan de Nul, Seatankers, Østensjø Rederi, Reach; Transocean and DSME; liftboat safety [Offshore Accounts]
On the first day of Christmas my true love gave to me… a partridge in a pear tree, according to the ancient English carol, but at Baird Maritime, that’s the cue for a ..
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 ..
COLUMN | Quick updates: Van Oord gets big and green, Asian cables frenzy, next round of Battle of the Subsea Robots, Borr’s big green plan, anchor handlers change hands, scrap price Brazilian rigs [Offshore Accounts]
After our diversion into Harbour Energy’s Carbon Capture and Storage plans last week and the abandonment of its 500-million-barrel Sea Lion discovery in the Falklands ( ..
COLUMN | Private equity: can the billionaire factory save the offshore industry? [Offshore Accounts]
Question: What do the Formula One motor racing franchise, Heinz tomato ketchup, British supermarket chain Asda, and the North Sea safety standby companies North Star Ship ..
COLUMN | Crossed wires: the cable-lay business undergoes another paradigm shift [Offshore Accounts]
The offshore wind revolution is creating unprecedented demand for offshore cable installation. For most of the history of the offshore industry, electrical cable connecti ..