COLUMN | Augustus Gloop in wind? Cadeler; Integrated Wind Solutions and Sumitomo; North Star newbuild [Offshore Accounts]

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...

https://www.bairdmaritime.com/offshore/column-augustus-gloop-in-wind-cadeler-integrated-wind-solutions-and-sumitomo-north-star-newbuild-offshore-accounts/

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...

https://www.bairdmaritime.com/work-boat-world/offshore-world/offshore-operations-maintenance/offshore-maintenance/edda-wind-welcomes-newest-sov-to-fleet/

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...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-where-the-wind-blows-part-2-shell-cadeler-hea-energy-cyan-renewables-edda-wind-norwind-and-norside-offshore-accounts/

COLUMN | Where the wind blows part 1: Borealis, IT Telecoms, TotalEnergies, Ørsted and Vestas [Offshore Accounts]

One of the warmest winters on record seems to be drawing to a close in Europe, and the North Sea spot market is roaring back. On Friday, the 251 tonnes bollard pull anchor handler Maersk Mariner was spot chartered by Anasuria Operating Company at the princely day rate of £45,000 (US$57,000) for...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-where-the-wind-blows-part-1-borealis-it-telecoms-totalenergies-orsted-and-vestas-offshore-accounts/

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, […]

The post COLUMN | Wind wobbles – follow the money: Ørsted and BP make write-offs; Siemens Energy seeks aid; MingYang gets massive; Fredriksen’s Edda and...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-wind-wobbles-follow-the-money-orsted-and-bp-make-write-offs-siemens-energy-seeks-aid-mingyang-gets-massive-fredriksens-edda-and-ex-havila-hedges-rickmers-and-diana-shi/

Fincantieri Bay starts construction of CREST Wind SOV

CREST Wind SOV

Fincantieri Bay Shipbuilding in Sturgeon Bay, Wis., yesterday began construction of the 289-foot service operation vessel (SOV) that it is building for the Crowley-Esvagt joint venture CREST Wind.

The HAV 832 design vessel will operate on long term charter to Siemens Gamesa Renewable Energy, supporting its service operations on the Dominion Energy Coastal Virginia Offshore Wind project.

Yesterday’s ceremonial start of construction brought senior leaders from the partner companies to the shipyard...

https://www.marinelog.com/offshore/offshore-wind/fincantieri-bay-starts-construction-of-crest-wind-sov/

COLUMN | Changing course: McDermott restructures (again); Siemens Gamesa bleeds (again); UK wind auction fails [Offshore Accounts]

Sometimes the inevitable needs to happen before things can change. Failure can be a catalyst for action. At other times, it can just be part of a repetitive cycle of doom. This week, we look at the world’s ugliest offshore construction company, which faces more grief, a wind turbine manufacturer whose woes we predicted 18 […]

The post COLUMN | Changing course: McDermott restructures (again); Siemens Gamesa bleeds (again); UK wind auction fails [Offshore Accounts] appeared first on Baird Maritime.

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-changing-course-mcdermott-restructures-again-siemens-gamesa-bleeds-again-uk-wind-auction-fails-offshore-accounts/

Offshore Vessel News Roundup | July 14 – Taiwanese wind installation vessel, SOV conversion in US and more

It’s all wind installation and support vessels for this week’s roundup as we cover deliveries to Taiwan, Japan, and the UK plus a refitting project on behalf of a US ..

The post Offshore Vessel News Roundup | July 14 – Taiwanese wind installation vessel, SOV conversion in US and more appeared first...

https://www.bairdmaritime.com/work-boat-world/offshore-world/offshore-operations-maintenance/offshore-maintenance/offshore-vessel-news-roundup-july-14-taiwanese-wind-installation-vessel-sov-conversion-in-us-and-more/

COLUMN | More, more, more! Purus adds to the wind orderbook… parent EnTrust increases green investment plus a Ferry Fiasco update from Scotland [Offshore Accounts]

No sooner had we written last week’s article on the stream of new building commissioning service offshore vessels (CSOVs) by Edda Wind and North Star Shipping than Puru ..

The post COLUMN | More, more, more! Purus adds to the wind orderbook… parent EnTrust increases green investment plus a Ferry...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-more-more-more-purus-adds-to-the-wind-orderbook-parent-entrust-increases-green-investment-plus-a-ferry-fiasco-update-from-scotland-offshore-accounts/

Offshore Vessel Charters News Roundup | February 21 – Crewboat contracts in Japan and Brazil, PSV and SOV deployments in Western Europe

A new fast crewboat has begun supporting decommissioning works in Brazil while one under development will be deployed at a new offshore wind project in Japan. Meanwhile, ..

The post Offshore Vessel Charters News Roundup | February 21 – Crewboat contracts in Japan and Brazil, PSV and SOV deployments...

https://www.bairdmaritime.com/work-boat-world/offshore-world/offshore-operations-maintenance/crew-transfer/offshore-vessel-charters-news-roundup-february-21-crewboat-contracts-in-japan-and-brazil-psv-and-sov-deployments-in-western-europe/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon