There was only one story in offshore this week, the news that Greek shipowner Evangelos Marinakis has doubled down on this bet on the platform supply vessel (PSV) market by making the single biggest order in the entire segment in the last decade. His Capital Offshore has placed an order for four firm diesel-electric, DP2, […]
The post COLUMN | Drip, drip, drip: Marinakis orders eight PSVs; DSOC jackup moves; Paratus and Northern Ocean raise capital [Offshore Accounts] appeared first on Baird...
Last week saw Noble Corporation cement its place as the great consolidator in the offshore drilling industry recovery. Seven days ago, Noble announced that it was buying Diamond Offshore Drilling in a stock plus cash transaction valuing the company at around US$1.6 billion, a deal unanimously...
The order book for the wind sector just continues getting larger and larger, even as companies continue not to make much money. Wind is the Augustus Gloop segment of offshore, gorged on investment, like the character in Roald Dahl’s Charlie and the Chocolate Factory, but liable to fall into a...
Van Oord has been awarded a contract for the transport and installation of the monopile foundations for the Nordseecluster offshore wind project in Germany. Operated by renewables company RWE, the 1.6GW wind farm cluster will be able to generate sufficient renewable energy to supply electrical...
Cadeler has placed an order for the construction of the third windfarm installation vessel in a series, which will also be the eleventh vessel to join the company’s fleet. The self-elevating vessel is scheduled for delivery in the first half of 2027. It will be built by COSCO Heavy Industries in...
Jana Marine Services of Saudi Arabia recently welcomed two new jackup vessels in a series into its offshore support fleet. Jana 504 and Jana 505 were both built in China by CSSC Wuhan Marine Machinery Plant in compliance to ABS’ SMART and IDM-A notations. Each of the two vessels has an LOA of 92...
The China Railway Group, via its subsidiary the China Railway Major Bridge Engineering Group, has taken delivery of a new jackup installation vessel built to support the construction of offshore wind farms. Daqiao Haifeng (大桥海风) was built by China Merchants Heavy Industry Haimen in compliance to China Classification Society rules that cover unlimited navigation, permitting […]
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“They come over here, taking our jobs and stealing our women,” is a familiar refrain against foreigners all around the world, as likely to be uttered from Dublin to Durban, from Dusseldorf to Des Moines, and from Denpasar to Dubai (well, probably not the second part in the UAE, but we won’t dwell...
Chinese shipbuilder Yantai CIMC Raffles Offshore recently launched a new offshore installation vessel ordered by Van Oord. Upon completion, Boreas will be used primarily for the transport and installation of foundations and turbines of up to 20 MW capacity at offshore wind farms. The vessel will...
Irish singer-songwriter Hozier recently managed to top the singles charts in Ireland, New Zealand, and the United Kingdom with the indie hit “Too Sweet”, which also peaked at number two on the Billboard Hot 100 in the US. The memorable chorus, “I take my whiskey neat, my coffee black and my bed at...