The sentiments of American singer-songwriter Teddy Swims on his single Lose Control seems a most appropriate soundtrack for Canada this week, especially as it comes from his debut album, the wonderfully titled I’ve Tried Everything But Therapy (Part 1). We have project blow-outs, schedule blow-outs, and some massive delays to report in Canada. Shipbuilding is […]
Houston-based marine robotics company Ocean Infinity has taken delivery of the last in a […]
The post Ocean Infinity takes delivery of eighth and final ammonia-ready Armada vessel appeared first on Offshore Energy.
Deliveries include an ultra-deepwater drillship that will initially be deployed in the Gulf of Mexico and a hybrid-powered supply vessel for operation in Chinese waters. Two separate customers in Denmark have meanwhile placed orders for a North Sea walk-to-work vessel and a cable-laying ship. Stena Drilling welcomes new drillship to fleet Stena Drilling recently took […]
Windward Offshore has exercised an option under a contract placed with Fincantieri’s Norwegian-based Vard subsidiary in October last year and has added two additional hybrid commissioning service operation vessels (CSOV) to the two booked in the original contract.
Windward Offshore is a new consortium led by the Rickmers family’s SeaRenergy Group, the offshore wind services arm of its Asian Spirit Steamship Company (ASSC). Other consortium members are Blue Star Group, Diana Shipping Inc., and...
We’ve passed Twelfth Night, so let’s look at some key numbers for the year ahead. This week’s lucky lottery numbers are 4, 10, 29, 177, and 470,000. Who is feeling lucky? Four newbuilds for wind: #1 Toyo Nature abhors a vacuum, and as Global Marine Systems, for two decades the former cablelay market leader, sinks […]
The post COLUMN | 2024 by the numbers: Cableships; methanol; the Nigerian Navy; BP and Equinor’s wind woes; Noble in Suriname and Colombia [Offshore Accounts] appeared first on Baird...
Haugesund, Norway, headquartered Edda Wind ASA reports that it has secured green term loan financing for the four newbuild commissioning service operation vessels (CSOVs) that it ordered at Fincantieri’s Norwegian-based subsidiary Vard earlier this year.
The green term loan facility agreement is for the pre- and postdelivery financing of the four vessels under construction at Vard.
The EUR 161 million (about $176 million) green term loan facility agreement has been reached with Crédit Agricole...
https://www.marinelog.com/offshore/edda-wind-lines-up-green-term-loan-for-csov-quartet/
With offshore wind farm development creating the need to lay a lot of cable, demand for cable layers can only be expected to grow. One beneficiary of this is Fincantieri’s Norwegian subsidiary Vard. Today, came news that it has signed a contract worth EUR 200 million to EUR 250 million (about $218 million to $272 million) to build a cable laying vessel for a mystery buyer described only as an “undisclosed international customer.”
The order comes less than one week after Vard’s announcement of...
https://www.marinelog.com/news/mystery-buyer-orders-cable-layer-at-vard/
Fincantieri reports that its Norwegian subsidiary Vard has signed a contract worth more than $200 million to design and construct a hybrid-powered cable-laying and construction vessel for Japan’s Toyo Construction.
The hull will be built at the Vard Tulcea shipyard in Romania and will be outfitted and delivered from one of Vard’s shipyards in Norway in second quarter 2026.
The DP2 vessel will be built to VARD 9 15 design, a design developed to meet Toyo Construction’s requirements to cater for...
Norwegian shipbuilder VARD, a subsidiary of Italian shipbuilding group Fincantieri, has announced that it has signed a $200 million contract with Japanese construction company Toyo Construction. The contract is for…
https://gcaptain.com/vard-signs-contract-for-customized-hybrid-cable-layer-with-toyo-construction/
Norway’s VARD has secured a contract worth over $200 million to deliver a highly […]
The post VARD to deliver ‘highly customized’ hybrid cable lay & construction vessel to Japan appeared first on Offshore Energy.