COLUMN | On the edge? McDermott, Petrofac, The Metals Company and Cadeler [Offshore Accounts]

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...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-on-the-edge-mcdermott-petrofac-the-metals-company-and-cadeler-offshore-accounts/

COLUMN | Solstad Offshore and Aker Capital: circular reasoning and circular dealmaking [Offshore Accounts]

Offshore is a cyclical industry; when assets are at their cheapest, nobody wants to buy them, and nobody will lend money to acquire offshore vessels and rigs. If only I had had the foresight to buy Tidewater stock in May 2020 when it traded below US$5 per share, as opposed to US$68 on Friday. But...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-solstad-offshore-and-aker-capital-circular-reasoning-and-circular-dealmaking-offshore-accounts/

COLUMN | “Not a matter of if, but when”: Subsea mining on hold, for now; Teddy goes to St Petersburg; Safer gets safer [Offshore Accounts]

It has been a rollercoaster couple of months for seabed mining pioneer The Metals Company. For most of the last year, the company’s share price languished below one ..

The post COLUMN | “Not a matter of if, but when”: Subsea mining on hold, for now; Teddy goes to St Petersburg; Safer gets safer...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-not-a-matter-of-if-but-when-subsea-mining-on-hold-for-now-teddy-goes-to-st-petersburg-safer-gets-safer-offshore-accounts/

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 | Mining marriage made in heaven? DEME and Transocean co-operate in deep ocean minerals – new drillship conversion imminent after Allseas’ proof of concept [Offshore Accounts]

Some seriously odd things have been happening with everyone’s favourite penny stock deepsea mining player, The Metals Company. On January 31, Gerard Barron’s speculat ..

The post COLUMN | Mining marriage made in heaven? DEME and Transocean co-operate in deep ocean minerals – new drillship conversion...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-mining-marriage-made-in-heaven-deme-and-transocean-co-operate-in-deep-ocean-minerals-new-drillship-conversion-imminent-after-allseas-proof-of-concept-offshore-accounts/

COLUMN | The Metals Company: dilution in action as founders file to sell their shares in the seabed miner [Offshore Accounts]

What did we spy on the last trading day before Christmas 2022? Not Santa sliding down a chimney, but shares in a leading subsea mining company sliding hard to a record lo ..

The post COLUMN | The Metals Company: dilution in action as founders file to sell their shares in the seabed miner [Offshore...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-the-metals-company-dilution-in-action-as-founders-file-to-sell-their-shares-in-the-seabed-miner-offshore-accounts/

COLUMN | Surprise, surprise! Saipem, Borr Drilling, The Metals Company, Impossible Mining and Olympic [Offshore Accounts]

Last week was a rollercoaster week for the offshore market. The North Sea spot market continued to sizzle, with Tidewater fixing the 235-tonne bollard pull anchor handler ..

The post COLUMN | Surprise, surprise! Saipem, Borr Drilling, The Metals Company, Impossible Mining and Olympic [Offshore...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-surprise-surprise-saipem-borr-drilling-the-metals-company-impossible-mining-and-olympic-offshore-accounts/

COLUMN | Eneti’s wishful thinking; Transocean enters subsea mining; Allseas progresses wet mining tests; Boskalis goes private; SHUAA buys Allianz Marine in Abu Dhabi [Offshore Accounts]

Last week we looked at the ongoing restructurings at DOF, Havila, Siem Offshore and Saipem. With judicious bail outs from shareholders and support from lenders, the oil a ..

The post COLUMN | Eneti’s wishful thinking; Transocean enters subsea mining; Allseas progresses wet mining tests; Boskalis...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-enetis-wishful-thinking-transocean-enters-subsea-mining-allseas-progresses-wet-mining-tests-boskalis-goes-private-shuaa-buys-allianz-marine-in-abu-dhabi-offshore-accounts/

COLUMN | What does the future look like? More private equity deals – Esvagt, Havfram, JP Morgan, Huisman, Nabors, James Fisher and The Metals Company [Offshore Accounts]

This week has seen a number of big deals, and a couple of big stumbles. Money is sloshing through the renewables sector like there is no tomorrow. Private equity is enjoy ..

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-what-does-the-future-look-like-more-private-equity-deals-esvagt-havfram-jp-morgan-huisman-nabors-james-fisher-and-the-metals-company-offshore-accounts/