“When you come to a fork in the road, take it,” American baseball star Yogi Berra once said. Maersk Drilling now admits that it stands at a crossroads, as per the tit ..
Swire Blue Ocean
COLUMN | Holland (and Belgium)’s glory: how the low countries are winning in offshore wind [Offshore Accounts]
Holland’s Glorie is a novel published in 1940 by the Dutch writer Jan de Hartog. The novel glorified the life of the pre-war salvage master. In English, it was publishe ..
COLUMN | Cadeler stock price soars, Swire sells down to Sohmen-Pao [Offshore Accounts]
Further evidence of the growing speculative bubble in offshore wind came from Cadeler, the wind turbine installation company formerly known as Swire Blue Ocean, which ..
COLUMN | The wind bubble moves to service operation vessels
Speculative capital is now investing in high specification, purpose-built ships to support wind farms that have not even yet been installed. We have previously covered ..
COLUMN | Quick updates: BW Offshore, Cadeler, MMA Offshore, McDermott, James Fisher, Noble Drilling, Maersk Drilling, Ocean Infinity, Kris Energy and Rubicon [Offshore Accounts]
After announcing in October that it would liquidate the subsidiary that owns the FPSO Umuroa, and hand the idle vessel to the company administrators to maintain, remove ..
COLUMN | Wind Rush: Cadeler, Scorpio, Vestas, Seaway 7, Van Oord, Cosco, GSP [Offshore Accounts]
Last month Swire Pacific Offshore announced (here) that its subsidiary, the owner of two jackup windfarm turbine installation vessels (WTIVs), the company formerly known ..
COLUMN | Sale of the century: DOF, Vroon, Swire, Maersk and POSH shrink too – Part two [Offshore Accounts]
In Part One (here) we looked at how the biggest names in the offshore sector, Tidewater and Bourbon have drastically shrunk their fleets in the face of pressure from ..
Swire Blue Ocean to acquire new turbine installation vessel
Swire Blue Ocean (SBO) intends to order a new wind turbine installation vessel with an option for a second newbuild, the company said in a press release dated September ..
COLUMN | Favourable winds still blowing – Part one [Offshore Accounts]
The future is clear. Offshore renewables have a massive tailwind. This month has seen Europe’s largest wind energy company, Ørsted, announce strong results (here) with ..
Swire Blue Ocean bags MHI Vestas installation contract
Swire Blue Ocean (SBO) has been selected by MHI Vestas Offshore Wind for the transportation and installation of wind turbine generators at the Seagreen offshore windfarm ..